Last week saw a pullback in overall activity during an event-interrupted week, with thin liquidity leading to choppy price action. Despite this, bid depth continues to accumulate as compliance buyers remain patient ahead of the FY25 compliance deadline. Elsewhere, October’s ERF register update saw Australia’s first CCS-related ACCU issuance, alongside record issuances for Plantation Forestry and Soil Carbon.
RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives) over the past week, including key trends and drivers, our latest pricing and benchmarks, and our daily forward curves.
ACCU prices consolidate within compressed range, compliance buyers remain patient
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 443k last week (-1.3M WoW) – retreating from the prior week’s 12-month high (1.7M) – as an industry event late in the week impacted overall activity.
Spot volumes declined to 293k to reach only 17% of the previous week’s level – again led by Generic No-Avoided Deforestation ACCUs (49%), followed by HIR ACCUs (32%) and Generic ACCUs (19%).
The pullback in activity compressed the weekly spot price rangeto $0.70/t ($37/t – $36.30/t) as the market absorbed recent volatility
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