China Carbon Weekly Market Update – 8 August, 2022

Week at a glance (August 1 – August 5, 2022)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market dropped precipitously from the previous week due to a complete absence of block trades. The market ended the week at a total weekly volume of 74,296 tons, all of which came from open market transactions. Open market transaction prices closed the week at 58.50 yuan/ton ($8.65/ton), up 0.86% from the previous week. The volume-weighted average price for all of the week’s trades was 58.47 yuan/ton ($8.65/ton), down 3.49% from the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets also plummeted from the previous week, totaling only 47,030 tons for the week. Sichuan, as it often has in 2022, led the markets, accounting for nearly half of their total volume. Beijing had its first trades since the last week of June. Meaningful CCER credit price information was available from the Sichuan and Beijing markets, which averaged 68.34 yuan/ton ($10.11/ton) and 39.00 yuan/ton ($5.77/ton), respectively.
Share this report