China Carbon Weekly Market Update – Oct 25, 2021

Week at a glance

China’s national Carbon Emissions Allowance (CEA) market continued its rebound after the National Day holiday week. The CEA market ended the week with a total volume of 960,536 tons, with block trades accounting for 87.5% of the total. Prices for open market transactions closed this week down 2.07% to 42.99 yuan per ton ($6.73/ton). Including block trades, the total volume-weighted average for the week was down 5.73% to 41.54 yuan per ton ($6.51/ton), hitting its lowest since the week of July 30.
The total weekly volume of China certified emission reductions (CCER) hit a multiple- month high of 4,343,292 tons. Tianjin led the markets, accounting for 56.6% of the total volume, followed by Shanghai and Chongqing.

The MVGX platform is operated by MetaVerse Green Exchange Pte. Ltd. (“MVGX”) and its subsidiaries, including MetaComp Pte. Ltd. (“MetaComp”). MVGX is regulated by the Monetary Authority of Singapore as a Capital Markets Services (CMS) licensee for Dealing in Capital Markets Products, providing custodial services, and a Recognised Market Operator (RMO). MVGX only serves non-retail customers (i.e accredited investors and institutional investors) under its RMO status and CMS license in Singapore. The provision of digital payment token services, including the operation of a Digital Payment Token Platform, under the MVGX platform is undertaken by MetaComp, which has obtained the Major Payment Institution (MPI) licence under the Payment Services Act.

Week at a glance

Share this report

Download here