Weeks at a glance (November 14-November 18, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market jumped to a 10-month high, totaling nearly 1.2 million tons for the week, its highest since a flurry of trading activity around the first compliance cycle deadline at the end of 2021. Open market transaction prices were stable throughout the week, closing at 57.50 yuan/ton ($8.09/ton ), slightly lower than the previous week. Price volatility of the CEA market has been low...
Weeks at a glance (November 7-November 11, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market dropped sharply, totaling 142,123 tons for the week. While block trades were absent, open market transactions were relatively active, registering a weekly volume near the 75th percentile of the historic record. Open market transaction prices ended the week at 58.00 yuan/ton ($8.07/ton), unchanged from the previous week. The volume-weighted average price of all of the...
Carbon market update (October 2022) Trading in China’s national carbon emissions allowance (CEA) market rebounded somewhat from September’s record monthly low, totaling 969,746 for the month, but still ranking in the bottom 25% of the historic monthly volumes. Block trades took place on four of the holiday-shortened sixteen trading days of the month, accounting for 68% of the monthly total volume. In a monthly press conference on October 27th, the Ministry of Ecology and Environment (MEE)...
Weeks at a glance (October 31-November 4, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market saw a sharp increase in the wake of a strong showing of block trades, totaling 1,309,451 tons for the week. Block trades totaled 1,281,209 tons, reaching their highest volume since late February. Open market transaction prices started the week unchanged from the closing price of the previous week, 58.00 yuan/ton ($7.99/ton ), and remained there for the entire week. The...
Weeks at a glance (October 24-October 28, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market continued to increase, totaling 285,274 tons for the current week. Weaker open market transactions were more than compensated by a return of block trades. Open market transaction prices ended the week at 58.00 yuan/ton ($8.09/ton), 0.84% lower than the previous closing. The volume-weighted average price of all of the week’s trades was 58.38 yuan/ton ($8.14/ton), nearly...
Weeks at a glance (October 14-October 21, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market held its upward momentum from the previous week, totaling 245,960 tons for the current week. The weekly total volume, comprised of only open market transactions, was near the historic median of 249K tons. Open market transaction prices ended the week at 58.49 yuan/ton ($8.22/ton[1]), 0.84% higher than the previous closing. The volume-weighted average price of all of the...
Weeks at a glance (October 10 – October 14, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market picked up some steam after the week-long National Day Holiday, totaling 192,100 tons for the week thanks to the return of block trades for the first time in five trading weeks. Open market transactions also saw their highest weekly volume in six trading weeks. Open market transaction prices ended the week at 58.00 yuan/ton ($8.07/ton), slightly higher than the...
Carbon market update (September 2022) Trading in China’s national carbon emissions allowance (CEA) market ended September with a monthly total volume of 10,810 tons, a new record low for the second time in two months. Block trades were absent the entire month for the first time since the launch of the market in July 2021. The market has seen trading slowed to a trickle after a surge of activity around the allowance submission deadline on the last day of 2021 for the trading scheme’s first...
Weeks at a glance (September 26– September 30, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market remained depressed throughout the week, totaling a measly 1,000 tons that were evenly distributed over the five quiet trading days. Block trades were absent again for the fourth week in a row and the sixth time in the last seven weeks. An update from the MEE on the issuance status of the Interim Regulation for the Management of Carbon Emissions Trading did not give a...
Weeks at a glance (September 19– September 23, 2022) China’s national Carbon Emissions Allowance (CEA) market remained quiet for the week, totaling only 610 tons, the fourth lowest volume on record. Block trades were absent again for the third week in a row and the fifth time in the last six weeks. Open market transactions closed the week at 57.48 yuan/ton ($8.06/ton), a 0.9% drop from the previous week. The volume-weighted average price of all of the week’s trades was 57.82 yuan/ton ($8...