全国碳市场行情简报(2025年第218期)-20251223

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The CEA's main target has achieved six consecutive positive days. The average price of the listed agreement has increased by about 1.6%, and the intraday trading volume has increased by about 53%. The listed volume is 50.3 tons, and the large - scale volume is 202.2 tons. The listed agreement trading volume of CCER is 0.01 tons, and the average transaction price is 63.00 yuan/ton, with a decline of 20.25% [4]. - As the compliance pressure gradually emerges and the mandatory circulation allowances are basically released, the upward momentum begins to accumulate, and the carbon price may enter a stage of trend recovery [4]. - The basic carry - over allowances of the steel, cement, and electrolytic aluminum industries have increased to 100,000 tons. However, due to the limited allowance gap (within 3%) of most enterprises in 2025, the actual procurement enthusiasm may be lower than expected [5]. - Recently, some newly included industry enterprises have successively started basic carry - over procurement. Attention should be paid to whether the price can stand firm above 70 yuan/ton [5]. 3. Summary According to Related Catalogs 3.1 CEA Market Information - Price and Change: The closing prices of CEA19 - 20, CEA21, CEA22, CEA23, and CEA24 are 61.00, 64.00, 61.05, 64.00, and 67.56 yuan/ton respectively, with daily price changes of 0.00%, 0.66%, 0.08%, 4.92%, and 3.26%. The price differences between new and old allowances are 3.00, - 2.95, 2.95, and 3.56 yuan/ton respectively [7]. - Transaction Volume: The total trading volumes of CEA19 - 20, CEA21, CEA22, CEA23, and CEA24 are 3.63, 11.60, 20.19, 18.05, and 199.00 tons respectively. The listed agreement trading volumes are 3.63, 0.25, 4.00, 1.38, and 41.05 tons respectively, and the large - scale agreement trading volumes are 0.00, 11.35, 16.19, 16.67, and 157.95 tons respectively [7][8]. - Transaction Amount: The total transaction amounts of CEA19 - 20, CEA21, CEA22, CEA23, and CEA24 are 714.97, 221.36, 1241.11, 1138.54, and 12074.46 ten - thousand yuan respectively [8]. 3.2 CCER Market Information - The average transaction price of CCER is 63.00 yuan/ton, with a decline of 20.25%. The trading volume is 0.01 tons, the transaction amount is 0.63 ten - thousand yuan, and the cumulative trading volume is 860.83 tons [9].