China ETS – Monthly report (DEC-22): Light bearish price amidst bullish trade activities towards year end

  Interactive charts, tables and graphics removed. Subscribers see full content

Highlights

• Whereas the CEA price was stable, trade volume reached a record high during December 2022
• In most regional pilots, closing prices experienced no big fluctuation and trade volumes increased significantly (exception was the Beijing pilot)
• The majority of CCERs were traded in the Tianjin pilot, no CCER was traded in the Guangdong, Hubei, Chongqing and Fujian pilots
• In January, the prices and trade volumes in all markets are expected to follow a bearish trend during the time of the Spring Festival in China

Prices and volumes

National ETS

During December 2022, the price of carbon emission allowances under national ETS (China Emission Allowances - CEAs) did not experience significant changes, trading within a range between RMB 53/t and 58/t (USD 7.8 to 8.5/t). The av...