China Carbon Weekly Market Update – 23 May, 2022

Week at a glance (May 16 – 20, 2022)

  • China’s national Carbon Emissions Allowance (CEA) market had a total weekly volume of 200,050 tons, a substantial increase from the previous week but still well below 2022’s year-to-date weekly average.  Block trades accounted for nearly all of the weekly volume with open market transactions setting an all-time low of 50 tons. The volume-weighted average price for block trades reached an average of 61.00 yuan/ton ($9.11/ton) for the week, setting a new all-time high. The volume-weighted average price for all of the week’s trades increased 1.78% to 61.00 yuan/ton ($9.11/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets decreased from an eight-week high in the previous week to a combined total volume of 169,938 tons. Shanghai again accounted for most of the weekly total volume. Meaningful CCER price information was available from the Shanghai and Sichuan markets. Shanghai had a volume-weighted average price of 45.00 yuan/ton while Sichuan’s price dropped to 25.90 yuan/ton. Both prices were well below that of the CEAs for the second straight week.
Share this report