China Carbon Weekly Market Update – 13 June, 2022

Week at a glance (June 6 – June 10, 2022)

  • Activity on China’s national Carbon Emissions Allowance (CEA) market dropped significantly to a total weekly volume of 150,050 tons, breaking a four-week upward trend. Block trades again comprised nearly all of the total weekly volume at 150,000 tons. Open market transaction prices closed the week at 59.00 yuan/ton ($8.79/ton). The volume-weighted average price for all of the week’s trades increased 9.4% to 59.70 yuan/ton ($8.90/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets saw a significant pick-up from the previous week, totaling 627,520 tons for the week. Shanghai led the markets with nearly half a million tons of trades while Sichuan had close to 100,000 tons. Meaningful price information was available from the Sichuan market, which saw the volume-weighted average weekly price for all trades exceed 86 yuan/ton ($12.82/ton) in each of the last two weeks, far greater than the corresponding CEA price.
  • The Ministry of Ecology and Environment (MEE) extended the 2021 emissions data reporting deadline for covered entities of the CEA market from June 30 to the end of September. The MEE also lowered key parameters for calculating actual emissions, effectively lowering the requirement for CEA submissions for some covered entities. 
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