Despite a lift in compliance activity last week, the Australian carbon market continued its recent price slide, wiping out year to date gains, while the return of options trading and expiring contracts points to building liquidity over March. Last week saw a number of data releases from the Regulator, including an update to the CAC Register and the latest QCMR, which we also discuss in this update.
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.
Weekly activity buoyed by large compliance-led spot parcels, but YTD price gains retrace as Feb price slide continues
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets lifted to a year-to-date (YTD) high of 1.3M last week (+1.0M WoW), well above the compliance YTD average (709k) and the February 2025 weekly average (444k).
The spot market continues to lead activity (1.0M, +818k WoW) behind demand for Generic No-Avoided Deforestation ACCUs (78%), Generic ACCUs (13%), SMCs (6%) and HIR ACCUs (2%).
Last week saw consistent and elevated daily volumes (daily average 207k
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