China Carbon Weekly Market Update – May 02, 2022

Week at a glance (April 25 – April 29, 2022)

  • The total weekly volume of China’s national Carbon Emissions Allowance (CEA) market reached a two-month high of 939,303 tons, making a sharp recovery from its all-time low in the previous week. Open market transaction prices closed this week down 2% to 58.80 yuan/ton ($8.90/ton). This week’s volume-weighted average price for all trades decreased 5.3% to 56.84 yuan/ton ($8.60/ton), but still remained well above the all- time average of 43.53 yuan/ton.
  • Activity across the nine China Certified Emission Reductions (CCER) markets continued to recover from its 10-month weekly low two weeks ago to a combined total volume of 67,484 tons this week. Inferred prices from trades on the Sichuan and Shanghai markets were much higher than that of the national CEAs for the week, further establishing a CCER price premium that emerged in early February.
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