The Australian carbon market recorded a five-week low in traded volumes over a holiday interrupted period last week, with SMC and EP trading a notable point of interest. Despite seasonal softness, key financials continue to support liquidity, with limited price direction from natural buyers and sellers keeping prices within a tight range through April. Looking ahead, attention is now turning to two key events in July, which we discuss in this week’s update.
RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives), including recent trends, drivers, and our latest spot and forward pricing benchmarks.
Market remains steady behind key financial players, liquidity retraces over holiday-interrupted week
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets fell to 329k last week (-738k WoW), below the year-to-date weekly average (576k) and the May 2026 weekly average (706k).
Spot volumes accounted for all activity over the week (329k, -513k WoW), led by Generic No-Avoided Deforestation ACCUs (77%), followed by HIR ACCUs (12%) and Generic ACCUs (4%), with smaller contributions from Safeguard Mechanism Credits (SMCs) (3%), Environmental Plantings ACCUs and a Generic (No-AD) / Savanna Fire Management ACCU swap trade.
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