China Carbon Weekly Market Update – 25 July, 2022

Week at a glance (July 18 – July 22, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market rebounded from a three-week decline, ending the week at a total volume of 235,054 tons. Block trades returned after a two-week absence to a volume of 150,000 tons on Thursday. Open market transaction prices closed the week at 57.00 yuan/ton ($8.44/ton), down 2.13%. The average price for the whole week’s trades was 58.81 yuan/ton ($8.71/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets rebounded from the previous week, totaling 91,976 tons for the week. Sichuan led the markets, accounting for over 60% of the total volume. Tianjin and Shanghai also saw activity. Both the Sichuan and Shanghai markets traded CCER credits at a substantial premium over the CEAs on a volume-weighted price basis. Trading at an average of 87.31 yuan/ton ($12.93/ton), Sichuan had a premium of 48.5%.
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