China: Shanghai ETS to have no transactions in July

Ling Ma

15-Jul-2014

Several Shanghai compliance companies told ICIS reporter on Tuesday none allowance transactions would happen in July.

“We won’t get the production data for 2014 until next January. Without them, we can’t gauge this year’s emissions. So we don’t plan to buy the 2014 allowances this year,” said Zhu Xiao Ming, the manager of Shanghai Coking company.

“The remaining allowances in 2013 can be hoarded and sold in 2014, thus the supply of allowances will increase. We can wait to buy at a low price next year,” said Lu Yun, the manager of Granges Aluminium.

The Shanghai emission trading system (ETS) hasn’t allowed the institutional and individual investors to trade. The absence of the third-party may also lead to low transactions, according to a staff of Carbon Treasure, the Shanghai-based carbon asset management company.

No transactions have taken place in the Shanghai emission trading system in July.Ling Ma

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?