China Carbon Weekly Market Update – 4 July, 2022

Week at a glance (June 27 – July 1, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market dropped considerably from the previous week to a weekly total volume of 324,990 tons. However, open market transactions topped 120,000 tons for the first time since mid-January. Open market transaction prices closed the week down 3.33% to 58 yuan/ton ($8.66/ton). The average price for all of the week’s trades also dipped slightly from the previous week to 57.69 yuan/ton ($8.61/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets dropped precipitously from the previous week, totaling only 32,383 tons for the week. Shanghai led the markets with nearly two-thirds of the total volume. Sichuan saw a small volume of open market transactions that averaged 66.29 yuan/ton ($9.89/ton) for the week.
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