China Carbon Weekly Market Update – May 16, 2022

Week at a glance (May 9 – 13, 2022)

  • China’s national Carbon Emissions Allowance (CEA) market had a total weekly volume of 113,708 tons, well below 2022’s year-to-date weekly average of 699,800 tons. The volume-weighted average price for block trades finished the week at an average of 60.00 yuan/ton ($8.84/ton), setting an all-time high. The volume-weighted average price for all of the week’s trades increased 3.68% to 59.93 yuan/ton ($8.83/ton).
  • Activity across the nine China Certified Emission Reductions (CCER) markets increased to an eight-week high with a combined total volume of 246,001 tons. Shanghai accounted for most of the weekly total volume. Meaningful CCER price information was available from the Sichuan market, which had a volume-weighted average price of 40.39 yuan/ton ($5.39/ton), falling below that of the CEAs for the first time in four weeks.
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