Week at a glance (May 22 – May 26, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market slowed considerably this week, closing with a weekly total volume of 125,035 tons. Block trades were completely absent for the week. The closing price for open market transactions stayed unchanged from the previous week at 57.00 yuan ($8.06) per ton. The volume-weighted weekly average price for all of the week’s trades was 56.72 yuan ($8.02) per ton, an increase of 0.5% from the...
Week at a glance (May 15 – May 19, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market was strong this week, closing with a weekly total volume of 825,620 tons, the second highest of 2023. Block trades accounted for nearly all of this volume. The closing price for open market transactions rose 1.8% from the previous week to 57.00 yuan ($8.10 ) per ton, a 2023 high. For all of the week’s trades, the volume-weighted average price was 56.42 yuan ($8.02) per ton, an...
Weeks at a glance (May 8 – May 12, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market rebounded from the negligible volume seen in the two days following the Workers’ Day holiday, closing the week with a weekly total volume of 257,527 tons. Both open market transactions and block trades had volumes close to their respective historic medians, while also substantially above the 2023 medians. The closing price for open market transactions returned to its recent...
Monthly carbon market update (April 2023) Trading in China’s national carbon emissions allowance (CEA) market totaled 1.05 million tons in April, a decrease of nearly 20% from March. Block trades accounted for 95% of April’s total volume. There was not any noteworthy policy news during the month. While the formal passage of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on the 25th grabbed the attention of many market participants, it understandably did not spark any real...
Weeks at a glance (May 1 – May 5, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market for the holiday-shortened two trading-day week remained extremely low, closing the week with a weekly total volume of 21 tons. The closing price for open market transactions continued its recovery from a multi-month low two weeks before, ending this week at 55.50 yuan ($8.03) per ton, a little less than 1% above the previous week. Activity across the nine regional China Certified...
Weeks at a glance (April 24 – April 28, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market resumed its decline after a one-week uptick, closing this week with a weekly total volume of 11,140 tons. Block trades were absent for the 8th time in the 16 trading weeks of 2023. The closing price for open market transactions this week recovered from a 16-month low from the previous week, ending the week 3% higher at 55.00 yuan ($7.94) per ton. The volume-weighted...
Weeks at a glance (April 17 – April 21, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market recovered from a two-week decline, closing this week with a weekly total volume of 600,970 tons. Block trades came back and accounted for almost all of the weekly total volume. Open market transaction prices lowered again after a recovery in the previous week from a 16-month low set two weeks before. The closing price for the week was 53.40 yuan ($7.77) per ton, 4.6%...
Weeks at a glance (April 10 – April 14, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further dropped from the previous week, closing this week with a weekly total volume of 30,210 tons. Block trades were completely absent during the week. The closing price for the week was 56.00 yuan ($8.16) per ton, 1.1% higher than the previous week. The volume-weighted price for the week increased substantially to 56.17 ($8.19), 11% higher than the previous week...
Weeks at a glance (April 3 – April 7, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market dropped substantially from the previous week during a four-day trading week shortened by the Qingming Holiday, closing the week with a weekly total volume of 410,247 tons. Block trades accounted for over 97% of the total volume, slightly above its historic medium. Open market transaction prices lowered markedly. The closing price for the week was 55.40 yuan ($8.05) per...
Monthly carbon market update (March 2023) Trading in China’s national carbon emissions allowance (CEA) market totaled 1.3 million tons in March, a decrease of nearly 30% from February. Block trades accounted for close to 98% of March’s total volume, leaving this month’s open market transaction volume the 3rd lowest on record. On March 16, the Ministry of Ecology and Environment announced the implementation plan (the “Plan”) for CEA determination and allocation to covered entities for the...