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.
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