全国碳市场行情简报(2026年第30期)-20260225

Report Information - Report Title: National Carbon Market Market Briefing (Issue 30, 2026) [1] - Release Date: February 24, 2026 [3] Investment Rating - Not provided Core View - After the holiday, on the first trading day, a small volume pushed up the carbon price. The price increased significantly, but the trading volume was extremely low, indicating a thin - volume fluctuation [4][6] Market Conditions CEA - The listed volume was 10,000 tons, and the bulk volume was 0 tons. The listed transaction average price was 81.00 yuan/ton [4] - For different years' CEA: - The closing prices of CEA19 - 20, CEA21, CEA22, CEA23, CEA24, and CEA25 were 74.00 yuan/ton, 74.52 yuan/ton, 76.39 yuan/ton, 81.00 yuan/ton, 81.00 yuan/ton, and 81.00 yuan/ton respectively. The year - on - year increase of CEA25 was 2.92% [8] - The total trading volume of CEA25 was 10,000 tons, and the listed agreement trading volume was 10,000 tons. The total turnover was 810,000 yuan [8][9] CCER - The listed agreement trading volume was 0.00 tons, and the trading average price was 89.00 yuan/ton, with a year - on - year increase of 4.09% [4] - The trading volume was 0.09 tons, and the turnover was 0.00 yuan, with a premium rate of 9.88% [9] Strategy - Signal strength: 0 (0 means short - position, ±1 means bullish/bearish, ±2 means long/short) [4] Risk Factors - The CCER supply increment exceeded expectations; the power generation industry quota gap was lower than expected; the competent department issued policies clarifying an ambitious future emission reduction path [7]