China Carbon Weekly Market Update – 12 December, 2022

Weeks at a glance (December 5-December 9, 2022)

  • Heading into the last few weeks of trading in 2022, China’s national Carbon Emissions Allowance (CEA) market continued to cool down from the recent burst of activity in mid-November after the release of the draft CEA allocation plan for the 2021-2022 compliance cycle. The total weekly volume for the week was 324,110 tons, slightly above the median of 321K tons for all past weekly volumes. Open market transaction prices remained stable throughout the week, closing at 57.03 yuan/ton ($8.19/ton), 1.1% lower than the previous week. The volume-weighted average price for all of the week’s trades was 57.97 yuan/ton ($8.33/ton), 2.8 % higher than the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets plunged to another record low in weekly total volume since the launch of the national CEA market in July 2021, totaling only 415 tons for the week. The Sichuan market accounted for nearly all of the volume with Beijing contributing the remainder. The volume-weighted price for the Sichuan trades was 53.34 yuan/ton ($7.67/ton), 6.7% lower than its CEA counterparts.
Share this report