Group 1: Report Overview - The report is a carbon market weekly report dated November 07, 2025, from the Energy and Chemical Research Team of Jianxin Futures [2][3] Group 2: Carbon Market Weekly Summary - In October, the national carbon market's comprehensive price had a high of 59.30 yuan/ton, a low of 50.34 yuan/ton, and a closing price of 51.96 yuan/ton, down 10.37% from the previous month. The trading volume and turnover of listed agreement transactions were 10,525,810 tons and 487,117,084.12 yuan respectively; for bulk agreement transactions, they were 30,936,720 tons and 1,496,842,246.87 yuan; and for single - sided bidding, 100,000 tons and 4,475,000 yuan [7] - In the first week of November, the comprehensive price had a high of 58.51 yuan/ton, a low of 51.54 yuan/ton, and a closing price of 57.79 yuan/ton, up 11.22% from the previous Friday. The trading volume and turnover of listed agreement transactions were 3,981,155 tons and 209,744,110.26 yuan respectively; for bulk agreement transactions, 5,154,502 tons and 248,501,748.01 yuan; and for single - sided bidding, 100,000 tons and 4,894,850 yuan. The total trading volume and turnover were 9,235,657 tons and 463,140,708.27 yuan [7] - Since June this year, the national carbon quota price has been declining. The current price is around 50 yuan/ton, similar to the opening price in 2021 and over 50% lower than the 2024 high. The new policy aims to solve the problem of enterprises' reluctance to sell. The current low carbon price is partly due to the concentrated selling of surplus enterprises under the carry - over rule. The price may stabilize after the selling pressure eases in November [8] - According to the Fudan Carbon Index, in November 2025, the expected buying price of national carbon emission allowances (CEA) is 47.59 yuan/ton, the selling price is 55.42 yuan/ton, and the mid - price is 51.51 yuan/ton. In December 2025, the expected buying price is 55.63 yuan/ton, the selling price is 65.35 yuan/ton, and the mid - price is 60.50 yuan/ton. In November 2025, the expected buying price of China Certified Emission Reductions (CCER) is 59.67 yuan/ton, the selling price is 68.17 yuan/ton, and the mid - price is 63.92 yuan/ton [8][9] Group 3: Market News - On October 23, the National Energy Administration reported that in September, the全社会 electricity consumption was 888.6 billion kWh, up 4.5% year - on - year. In the first three quarters, the cumulative electricity consumption was 7,767.5 billion kWh, up 4.6% year - on - year. The third - quarter electricity consumption was 2.9 trillion kWh, driven by high - temperature in July and the recovery of the macro - economy [10] - On October 24, it was announced that during the "15th Five - Year Plan" period, China will accelerate the green and low - carbon transformation of energy, build a new energy system, and implement the dual - control system of carbon emission volume and intensity. It aims to reach about 4.5 billion tons of bulk solid waste utilization by 2030 and save over 150 million tons of standard coal in key industries, reducing about 400 million tons of carbon dioxide emissions [10] - Recently, the General Offices of the CPC Central Committee and the State Council issued an opinion to expand the coverage of the national carbon emission trading market to mainly cover industrial emission industries by 2027, implement quota control and paid distribution, gradually tighten quotas, strengthen the synergy between the carbon market and industrial policies, and accelerate the construction of the voluntary emission reduction trading market [10] Group 4: Market Data - There are figures about the national carbon market price trend, pilot carbon market price, power generation year - on - year growth rate, and new power generation equipment year - on - year growth rate, with data sources from Wind and Jianxin Futures Research and Development Department [6][7][12]
碳市场周报-20251107
Jian Xin Qi Huo·2025-11-07 11:29