China Carbon Weekly Market Update – 15 August, 2022

Week at a glance (August 8– August 12, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market recovered from the previous week’s multi-week low thanks to the return of block trades. The market ended the week at a total weekly volume of 248,735 tons. Open market transaction prices closed the week at 58.00 yuan/ton ($8.60/ton), down slightly from the previous week. The volume-weighted average price for all of the week’s trades was 53.37 yuan/ton ($7.91/ton), down nearly 9% from the previous week due to the substantially lower block trade price.
  • Activity across the nine China Certified Emission Reductions (CCER) markets also increased from the previous week, totaling 110,517 tons for the week. Shenzhen led the markets by accounting for 65% of their total volume. Shanghai’s off-line negotiated trades averaged 78.73 yuan/ton ($11.68/ton) for the week, a premium of nearly 48% over the CEAs. Sichuan’s open market transactions averaged 64.10 yuan/ton.
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