China Carbon Weekly Market Update – 26 September, 2022

Weeks at a glance (September 19– September 23, 2022)

  • China’s national Carbon Emissions Allowance (CEA) market remained quiet for the week, totaling only 610 tons, the fourth lowest volume on record. Block trades were absent again for the third week in a row and the fifth time in the last six weeks. Open market transactions closed the week at 57.48 yuan/ton ($8.06/ton), a 0.9% drop from the previous week.  The volume-weighted average price of all of the week’s trades was 57.82 yuan/ton ($8.11/ton), a 0.53% decline from the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets rebounded strongly from the previous week, totaling 231,458 tons for the week and well above the 2022 year-to-date weekly average of 182,000 tons.  Tianjin led the markets, followed by Beijing and Shenzhen. Beijing’s open market transactions had a volume-weighted average price of 80.54 yuan/ton ($11.30/ton), 39% higher than that of the CEAs.
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