Market Overview - The national carbon market opened at a price of 73.69 yuan/ton, with a highest price of 73.69 yuan/ton, a lowest price of 72.57 yuan/ton, and a closing price of 73.11 yuan/ton, reflecting a decrease of 1.58% compared to the previous day [1] Trading Volume and Revenue - The total trading volume for the day in the national carbon market was 605,000 tons, with a total transaction value of 44,242,500.00 yuan [1] - The agreement trading volume was 355,000 tons, generating a transaction value of 25,822,500.00 yuan, while the bulk agreement trading volume was 250,000 tons, with a transaction value of 18,420,000.00 yuan [1] Cumulative Data - From January 1 to July 2, 2025, the total carbon emission allowance trading volume reached 40,010,768 tons, with a total transaction value of 2,998,284,222.91 yuan [1] - As of July 2, 2025, the cumulative trading volume in the national carbon market was 670,279,432 tons, with a cumulative transaction value of 46,031,011,326.42 yuan [1]

Core Viewpoint - The national carbon market in China is expanding its coverage to include more industries, with significant policy advancements in 2023 aimed at enhancing carbon emissions trading and promoting low-carbon technologies [1][2]. Group 1: Carbon Market Expansion - The national carbon emissions trading market has officially expanded to include the steel, cement, and aluminum industries, following the power generation sector [1][2]. - The government aims to gradually include key products from the petrochemical, chemical, paper, and aviation industries into the carbon market starting in 2026 [1][2]. - The expansion follows a "mature first, include first" principle, with scientific assessments submitted to the State Council for approval [1][2]. Group 2: Industry-Specific Insights - The cement industry was prioritized for inclusion due to its mature production processes and data foundation, while the aluminum smelting sector has a relatively low direct carbon emission impact [2]. - Approximately 730 steel enterprises are engaged in annual carbon emissions accounting, with long-process steel companies accounting for 90% of total emissions in the sector [2]. - The chemical industry presents complexities in product inclusion due to the variety of products and their respective emissions profiles, with over 200 million tons of key products currently reported [3]. Group 3: Paper Industry Dynamics - The paper industry, while not yet included in the carbon market, has a significant relationship with carbon emissions due to its energy consumption patterns, with coal accounting for 75% of its energy use [4]. - The industry utilizes self-owned power plants, which are already included in the carbon market, leading to potential challenges in accounting for emissions from self-generated steam [5]. - Opportunities for the paper industry include enhancing energy efficiency and utilizing biomass in self-owned power plants, which can contribute to carbon reduction efforts [6][7]. Group 4: CCER Mechanism and Development - The CCER (China Certified Emission Reduction) mechanism currently allows for a 5% offset in the carbon market, with an estimated demand of approximately 400 million tons post-expansion [9][10]. - The existing CCER methodologies cover limited sectors, necessitating the development of additional methodologies to meet the growing demand for carbon credits [9][10]. - Expanding methodologies to include waste treatment and other sectors can facilitate low-carbon transitions and enhance the overall effectiveness of the carbon market [10].

Core Insights - The national carbon market's closing price increased by 9.58% compared to the last trading day of the previous month [1] Trading Volume and Revenue - The total trading volume for the month in the national carbon market was 15,884,675 tons, with a total transaction value of 1,145,082,996.31 yuan [1] - The monthly agreement trading volume was 4,188,135 tons, generating a transaction value of 310,066,846.31 yuan [1] - The bulk agreement trading volume reached 11,696,540 tons, with a transaction value of 835,016,150.00 yuan [1] Cumulative Data - From January 1, 2025, to June 30, 2025, the carbon emission allowance trading volume was 38,624,858 tons, with a total transaction value of 2,896,202,382.01 yuan [1] - As of June 30, 2025, the cumulative trading volume in the national carbon market was 668,893,522 tons, with a cumulative transaction value of 45,928,929,485.52 yuan [1]

Core Insights - The national carbon market's comprehensive price today opened at 75.47 yuan/ton, reached a high of 77.20 yuan/ton, and closed at 76.54 yuan/ton, reflecting a decrease of 0.04% from the previous day [1] Trading Volume and Revenue - The total trading volume for carbon emission allowances today was 1,386,460 tons, with a total transaction value of 103,926,863.90 yuan [1] - The volume for listed agreement trading was 384,460 tons, generating a transaction value of 29,807,053.90 yuan, while the bulk agreement trading volume was 1,002,000 tons, with a transaction value of 74,119,810.00 yuan [1] Cumulative Data - From January 1 to June 27, 2025, the total trading volume of carbon emission allowances reached 38,184,164 tons, with a total transaction value of 2,866,523,074.01 yuan [1] - As of June 27, 2025, the cumulative trading volume of carbon emission allowances in the national market was 668,452,828 tons, with a cumulative transaction value of 45,899,250,177.52 yuan [1]

Core Viewpoint - The national carbon market experienced a slight decline in closing price, indicating a minor fluctuation in trading activity and market sentiment [1] Trading Activity - The opening price of the national carbon market was 75.47 yuan/ton, with a highest price of 77.20 yuan/ton and a lowest price of 75.47 yuan/ton, leading to a closing price of 76.54 yuan/ton, which is a decrease of 0.04% compared to the previous day [1] - The total trading volume for the day was 1,386,460 tons, with a total transaction value of 103,926,863.90 yuan [1] - The agreement trading volume was 384,460 tons, amounting to 29,807,053.90 yuan, while the bulk agreement trading volume was 1,002,000 tons, with a transaction value of 74,119,810.00 yuan [1] Cumulative Data - From January 1, 2025, to June 27, 2025, the total trading volume of carbon emission allowances in the national carbon market reached 38,184,164 tons, with a total transaction value of 2,866,523,074.01 yuan [1] - As of June 27, 2025, the cumulative trading volume of carbon emission allowances in the national carbon market was 668,452,828 tons, with a cumulative transaction value of 45,899,250,177.52 yuan [1]

Core Insights - The national carbon market's comprehensive price today opened at 72.82 yuan/ton, reached a high of 75.25 yuan/ton, and closed at 74.32 yuan/ton, reflecting an increase of 0.81% from the previous day [1] Trading Volume and Revenue - The total trading volume for the national carbon emission allowances today was 1,847,395 tons, with a total transaction value of 145,738,933.84 yuan [1] - The volume for listed agreement trading was 422,395 tons, generating a transaction value of 31,623,933.84 yuan, while the bulk agreement trading volume was 1,425,000 tons, with a transaction value of 114,115,000.00 yuan [1] Cumulative Data - From January 1 to June 24, 2025, the total trading volume of carbon emission allowances in the national market was 34,139,273 tons, with a total transaction value of 2,565,959,923.91 yuan [1] - As of June 24, 2025, the cumulative trading volume of carbon emission allowances reached 664,407,937 tons, with a cumulative transaction value of 45,598,687,027.42 yuan [1]

Core Insights - The national carbon market's comprehensive price today opened at 72.14 yuan/ton, reached a high of 73.72 yuan/ton, and closed at 73.44 yuan/ton, reflecting an increase of 0.88% compared to the previous day [1] - The total trading volume of carbon emission allowances today was 1,474,340 tons, with a total transaction value of 109,666,654.10 yuan [1] - From January 1 to June 19, 2025, the total trading volume of carbon emission allowances in the national carbon market was 30,805,928 tons, amounting to 2,313,587,136.73 yuan [1] - As of June 19, 2025, the cumulative trading volume of carbon emission allowances in the national carbon market reached 661,074,592 tons, with a cumulative transaction value of 45,346,314,240.24 yuan [1]

Group 1 - The national carbon market's comprehensive price today opened at 72.14 yuan/ton, reached a high of 73.72 yuan/ton, and closed at 73.44 yuan/ton, reflecting an increase of 0.88% compared to the previous day [1] - The total trading volume of carbon emission allowances today was 1,474,340 tons, with a total transaction value of 109,666,654.10 yuan [1] - From January 1 to June 19, 2025, the total trading volume of carbon emission allowances in the national carbon market was 30,805,928 tons, with a total transaction value of 2,313,587,136.73 yuan [1] Group 2 - The agreement trading volume for today was 924,340 tons, with a transaction value of 69,166,654.10 yuan, while the bulk agreement trading volume was 550,000 tons, with a transaction value of 40,500,000.00 yuan [1]

金十期货6月18日讯，今日全国碳市场综合价格行情为:开盘价72.92元/吨，最高价73.02元/吨，最低价 72.04元/吨，收盘价72.80元/吨，收盘价较前一日上涨0.17%。今日挂牌协议交易成交量201000吨，成交 额14757780.00元；今日无大宗协议交易。今日全国碳排放配额总成交量201000吨，总成交额 14757780.00元。2025年1月1日至6月18日，全国碳市场碳排放配额成交量29331588吨，成交额 2203920482.63元。 （全国碳交易） 今日全国碳市场收盘价72.80元/吨，较前一日上涨0.17% ...

今日挂牌协议交易成交量87,148吨，成交额6,370,909.20元；大宗协议交易成交量160,000吨，成交额 11,046,400.00元。 今日全国碳市场综合价格行情为：开盘价71.16元/吨，最高价72.90元/吨，最低价69.00元/吨，收盘价 69.03元/吨，收盘价较前一日下跌2.72%。 截至2025年6月16日，全国碳市场碳排放配额累计成交量658,631,231吨，累计成交额45,169,650,370.03 元。 今日全国碳排放配额总成交量247,148吨，总成交额17,417,309.20元。 2025年1月1日至6月16日，全国碳市场碳排放配额成交量28,362,567吨，成交额2,136,923,266.52元。 ...