China Carbon Weekly Market Update – 22 August, 2022

Week at a glance (August 15– August 19, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market plunged from the previous week to a total weekly volume of 80,800 tons. Block trades were absent for the week.  Open market transaction prices stayed flat and ended the week at 58.00 yuan/ton ($8.51/ton). Due to the absence of block trades, the volume-weighted average price for all of the week’s trades was also 58 yuan/ton, up 8.7% from the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets kept steady from the previous week, totaling 110,809 tons for the week. Shenzhen led the markets again, making up nearly 60% of their total volume. Tianjin and Sichuan comprised the remaining volume. Sichuan had a volume-weighted average price of 71.93 yuan/ton ($10.55/ton) for the week, a 24% premium over the CEAs.
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