China Carbon Weekly Market Update – 11 July, 2022

Week at a glance (July 4 – July 8, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market dropped significantly for the second week in a row to a weekly total volume of 140,241 tons. Open market transactions entirely accounted for the volume, as block trades were absent for the week. Open market transaction prices lowered again after the previous week’s drop, closing the week down 1.69% to 57.02 yuan/ton ($8.52/ton). The average price for all of the week’s trades also dipped slightly from the previous week to 57.21 yuan/ton ($8.54/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets made a strong recovery from the previous week, totaling 338,741 tons for the week. Sichuan led the markets with nearly two-thirds of the total volume. Shanghai and Shenzhen also saw solid activity. The Sichuan market set a record high volume-weighted weekly average price of 92.50 yuan/ton ($13.82/ton).
Share this report