China Carbon Weekly Market Update – 19 December, 2022

Weeks at a glance (December 12-December 16, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market saw a strong week, totaling more than 2.5 million tons and registering the second-highest volume since mid-January. Eighty-eight percent of the weekly volume came from block trades. All market prices were lower than the previous week. Open market transaction prices closed the week at 57.00 yuan/ton ($8.16/ton), slightly lower than the previous week. The volume-weighted average price for all of the week’s trades was 56.64 yuan/ton ($8.11/ton), 2.3 % lower than the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets rebounded from the previous week’s CEA-era record low weekly total volume, totaling 18,092 tons for the week. The Tianjin and Shanghai markets each accounted for nearly 50% of the total volume. The derived average price for Shanghai’s off-line negotiated trades was 61.00 yuan/ton ($8.74/ton), 7.7% higher than CEA’s average price for all trades.
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