CN Markets: Shanghai carbon prices extend record low for third day

Published 13:25 on March 31, 2016  /  Last updated at 15:17 on March 31, 2016  /  Asia Pacific, China, China's Pilot Markets  /  No Comments

Shanghai allowances fell another 5% on Thursday to close at 6.70 yuan ($1.04), a third straight day of record lows as excess supply keeps weighing on the market.

Shanghai allowances fell another 5% on Thursday to close at 6.70 yuan ($1.04), a third straight day of record lows as excess supply keeps weighing on the market.

The price is now down 38% since last Friday.

Twenty thousand allowances traded, quite a lot for the Shanghai market, though observers said liquidity is still too low to read too much into the bearish trend because supply from small sellers can have an excessively big impact on prices.

By Stian Reklev – stian@carbon-pulse.com

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