China Carbon Weekly Market Update – 31 October, 2022

Weeks at a glance (October 24-October 28, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market continued to increase, totaling 285,274 tons for the current week. Weaker open market transactions were more than compensated by a return of block trades. Open market transaction prices ended the week at 58.00 yuan/ton ($8.09/ton), 0.84% lower than the previous closing. The volume-weighted average price of all of the week’s trades was 58.38 yuan/ton ($8.14/ton), nearly unchanged from the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets recovered from the previous week’s steep drop, rising to 141,450 tons for the week. Tianjin led the markets, accounting for over 56% of their combined volume. Beijing, Shenzhen, and Sichuan also saw some activity. Beijing’s weekly volume was composed of mostly open market transactions, which had a volume-weighted average price of 86.30 yuan/ton ($12.04/ton). Sichuan’s open market transactions had a volume-weighted average price of 108.79 yuan/ton ($15.17/ton).
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