China Carbon Weekly Market Update – 27 June, 2022

Week at a glance (June 20 – June 24, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market saw a sharp rebound to a weekly total volume of 520,120 tons, most of which were block trades totaling 520,000 tons for the week. Open market transactions hovered near all-time lows. Block trade volume was well below the all-time weekly average but close to the 2022 year-to-date weekly average. Open market transaction prices closed the week at 60 yuan/ton ($8.97/ton), and the average price for all of the week’s trades was 57.87 yuan/ton ($8.65/ton). Both these prices were near their all-time highs.
  • Activity across the nine China Certified Emission Reductions (CCER) markets also rebounded strongly from the previous week, totaling 563,389 tons for the week. Shanghai again led the markets with nearly 57% of the total volume.
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