China Carbon Weekly Market Update – Jan 17, 2022

Week at a glance

• The total weekly trading on China’s national Carbon Emissions Allowance (CEA) market continued trending downwards. Its total weekly volume declined from the previous week by 29.7% to 3,223,426 tons, the lowest since mid-November. Block trades accounted for 88.2% of the total volume. Price actions on open market transactions remained robust, closing the week slightly higher at 57.77 yuan/ton ($9.09/ton), setting an all-time high for the second week in a row. Including both types of trades, the total volume-weighted average price for the week was down by 7.01% to 50.02 yuan/ton ($7.87/ton).
• Activities of the China certified emission reductions (CCER) markets nearly disappeared with only 30,069 tons changing hands for the week, the lowest since the opening of the national CEA market in July.