China Carbon Market Weekly Update – 6 March 2023

Weeks at a glance (February 27 – March 03, 2023)

  • Activity on China’s national Carbon Emissions Allowance (CEA) market decreased from the previous week’s 2023 year-to-date high of over 1 million tons, ending the week with a total volume of 313,010 tons. The vast majority of the week’s volume came from 300,000 tons of block trades. Open market transaction prices remained stable, closing the week at 56.00 yuan ($8.10) per ton, 0.9% lower than the previous week. The volume-weighted price for all of the week’s trades was 56.63 yuan ($8.19) per ton, 3% higher than the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets slid further from the low levels of the previous two weeks, ending this week with a total volume of 38,519 tons. Tianjin led the markets for the fifth week in a row, accounting for nearly two-thirds of their combined total volume. Sichuan’s volume-weighted weekly average price was 79.42 yuan ($11.49) per ton while the majority of Shenzhen’s small volume was traded at 68.19 yuan ($9.87) per ton.
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