Report Summary 1. Report Industry Investment Rating - Not provided 2. Core Viewpoints - Recent average daily trading volume is below 400,000 tons, and CEA prices continue to be weak [4] - It is recommended that enterprises with a quota gap make batch purchases at low prices before the end of August [5] - After the CEA price drops to around 70 yuan/ton, bottom - fishing demand appears, but the release of mandatory circulation quotas is insufficient, there is still potential selling pressure, and the market price is oscillating at the bottom without upward momentum. The trading volume is expected to rise in mid - to - late June, with the bottom range predicted to be 62 - 66 yuan/ton in June [7] - If the selling time of surplus enterprises is postponed, the price bottom may be lower and the rebound height more limited. If the daily trading volume can increase significantly, strong upward momentum may appear at the end of the third quarter [7] 3. Summary by Related Catalogs 3.1 CEA Market - CEA24 stops falling and rebounds, while other quotas are running weakly. The volume of listed agreements is 162,000 tons, and the volume of bulk agreements is 110,000 tons [14] - The closing prices of CEA19 - 20, CEA21, CEA22, CEA23, and CEA24 are 70.00 yuan/ton, 67.50 yuan/ton, 67.00 yuan/ton, 67.61 yuan/ton, and 67.90 yuan/ton respectively, with daily price changes of 0.00%, - 1.46%, - 0.21%, - 1.37%, and 0.58% [9] - The total trading volumes of CEA19 - 20, CEA21, CEA22, CEA23, and CEA24 are 0.00 tons, 100 tons, 50,000 tons, 20,000 tons, and 201,000 tons respectively [9] - The total transaction amounts of CEA19 - 20, CEA21, CEA22, CEA23, and CEA24 are 3.35 million yuan, 13.6696 million yuan, 1.3521 million yuan, 0 yuan, and 66,600 yuan respectively [9] 3.2 CCER Market - The listed agreement trading volume is 10,000 tons, and the average trading price is 86.00 yuan/ton, with a decline of 2.27% [11][14] - The transaction amount is 860,000 yuan, and the cumulative trading volume is 1.8795 million tons [11]
全国碳市场行情简报（2025年第88期）-20250604
Guo Tai Jun An Qi Huo·2025-06-04 11:37