China Carbon Weekly Market Update – 1 August, 2022

Week at a glance (July 25 – July 29, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market rose for two weeks in a row, ending the week at a total volume of 361,731 tons thanks to a strong showing of 300,000-ton block trades. Both the weekly total volume and the weekly block trade volume were near their historical medians. Open market transaction prices closed the week at 58.00 yuan/ton ($8.60/ton), up 1.75% from the previous week. The volume-weighted average price for both types of trades for the week was 60.58 yuan/ton ($8.98/ton), near the all-time high it set in the third week of May.
  • Activity across the nine China Certified Emission Reductions (CCER) markets surged from the previous week, totaling 324,967 tons for the week. Sichuan again led the markets, accounting for nearly half of the total market volume, while Shenzhen had a strong volume of 124,815 tons. Guangdong saw trades for only the second time in 2022 and the first time since March 18. Meaningful CCER credit price information was available from the Sichuan and Shanghai markets. Both markets saw CCER price premiums of at least 10% over their CEA counterparts.
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