Last week saw ACCU spot prices lift for the first time in three weeks as the market found a more bullish tone, returning to levels last seen just prior to the recently announced fixed delivery CAC permanent exit arrangements, which we view as supportive for price development.
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 post first weekly gain in 3 weeks, returning to pre-CAC announcement levels
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets declined to 705k last week (-18k WoW), tracking below the compliance year-to-date average (780k) and the December 2024 weekly average (1.2M, excluding holiday interrupted weeks).
Spot market volumes of 525k (+52k WoW) were led by HIR ACCUs (40%), followed by Generic No-Avoided Deforestation ACCUs (31%), Generic ACCUs (27%) and Safeguard Mechanism Credits (SMCs) (2%).
Prices opened higher on Monday, trading at $36.00/t (+$0.30/t vs Friday’s market close) – previously noted as a key support level throughout the market – not seen since the government’s announcement of new permanent
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