全国碳市场行情简报(2025年第135期)-20250812

Report Summary Investment Rating - Not provided in the content Core Viewpoints - It is recommended that deficit enterprises make batch purchases at low prices before the end of August [4] - The depletion of mandatory circulation quotas may support a carbon price reversal, with signs possibly seen in Q3. Carbon prices may fluctuate before August and start to rise in September due to increasing compliance pressure [6] Summary by Directory Market Quotes - CEA: The main target continued to be weak, with 72,000 tons listed and 746,000 tons in bulk transactions [13] - CCER: The listed agreement trading volume was 80 tons, and the average transaction price was 78.97 yuan/ton (up 1.24%) [10][13] Carbon Quota (CEA) Latest Market Information | Quota | Closing Price (yuan/ton) | Change (%) | New-Old Price Difference (yuan/ton) | Bulk Transaction Average Price (yuan/ton) | Total Transaction Volume (10,000 tons) | | --- | --- | --- | --- | --- | --- | | CEA19 - 20 | 71.34 | 0.00% | - | N/A | 0.00 | | CEA21 | 70.00 | 0.00% | -1.34 | N/A | 0.00 | | CEA22 | 73.00 | 0.00% | 3.00 | N/A | 0.00 | | CEA23 | 72.80 | -0.18% | -0.20 | 55.25 | 76.67 | | CEA24 | 72.86 | -0.46% | 0.06 | N/A | 5.08 | [8] Voluntary Emission Reduction (CCER) Transaction Information - Average transaction price: 78.97 yuan/ton, up 1.24% - Transaction amount: 59,300 yuan - Transaction volume: 80 tons - Cumulative transaction volume: 2,477,900 tons [10]