China Carbon Weekly Market Update – 17 October, 2022

Weeks at a glance (October 10 – October 14, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market picked up some steam after the week-long National Day Holiday, totaling 192,100 tons for the week thanks to the return of block trades for the first time in five trading weeks. Open market transactions also saw their highest weekly volume in six trading weeks. Open market transaction prices ended the week at 58.00 yuan/ton ($8.07/ton), slightly higher than the previous closing. The volume-weighted average price of all of the week’s trades was 58.02 yuan/ton ($8.07/ton), nearly 1% above the previous trading week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets continued rising strongly, totaling 563,472 tons for the week and reaching its highest volume since mid-June.  Tianjin led the markets despite having only two trading days of activity. Beijing’s open market transactions had a volume-weighted average price of 89.40 yuan/ton ($12.43/ton), 11.7% higher than the previous trading week and 53.3% higher than that of the CEAs. Sichuan’s open market transactions averaged 105.47 yuan/ton ($14.67/ton), breaking the 100-yuan mark for the second time in as many months.
Share this report