China Carbon Weekly Market Update – 5 December, 2022

Weeks at a glance (November 28-December 05, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market cooled down from the previous week’s 11-month high but still totaled over 1.3 million tons for the week. Both open market transactions and block trades saw healthy volumes, well above their respective historic medians. Open market transaction prices remained stable throughout the week, closing at 57.69 yuan/ton ($8.18/ton), slightly lower than the previous week.  The volume-weighted average price for all of the week’s trades was 56.41 yuan/ton ($8.00/ton), 1.4% higher than the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets staved off a further decline from the previous week’s plunge, increasing substantially and ending the week with a weekly volume of 81,758 tons, all of which was traded on the Sichuan exchange. The volume-weighted price for all three types of trades on the market increased to 76.63 yuan/ton ($10.86/ton), a premium of 36% over the CEA market.
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