In January, the overall performance of the carbon neutral 300 index was weak, with a decline of 11.81%, underperforming the Shanghai and Shenzhen 300 index (a decline of 7.62%), and continued to decline since reaching a high in early December. In January, the industry weight of carbon neutral 300 index changed slightly. According to the first-class industry classification of CITIC, the top five industries with weight are power equipment and new energy industry, accounting for 47.3%, with a total market value of 4794.179 billion yuan; The basic chemical industry accounts for 10.9%, with a total market value of 1357.074 billion yuan; The non-ferrous metal industry accounted for 9.0%, with a total market value of 967.343 billion yuan; The power and public utilities industry accounts for 8.4% (+ 0.1%), with a total market value of 2026.427 billion yuan; The automobile industry accounts for 7.5%, with a total market value of 1912.613 billion yuan.
Coal: raw coal production continued to grow, imports changed from increase to decrease, and coal prices fell. With the continuous promotion of the policy of increasing production and ensuring supply, 380 million tons of raw coal were produced in December, an increase of 7.2% year-on-year. The growth rate was 2.6 percentage points higher than that of the previous month, an increase of 10.7% over the same period in 2019, an average increase of 5.2% in two years, and an average daily output of 12.41 million tons; 30.95 million tons of coal were imported, a year-on-year decrease of 20.8%. In 2021, 4.07 billion tons of raw coal were produced, an increase of 4.7% over the previous year, an increase of 5.6% over 2019, and an average increase of 2.8% over the two years; 320 million tons of coal were imported, an increase of 6.6% over the previous year.
Iron and steel: the annual output of crude steel decreased year-on-year, the price of steel decreased slightly, and the import of iron ore decreased year-on-year. According to the data of the National Bureau of statistics, from January to December, the national crude steel output was 1032.79 million tons, a year-on-year decrease of 3.0%; The output of pig iron in China was 868.57 million tons, a year-on-year decrease of 4.3%. Among them, the national crude steel and pig iron output in December were 86.19 million tons and 72.1 million tons respectively, with a year-on-year decrease of 6.8% and 5.4% respectively. According to the monitoring of China Iron and Steel Industry Association, at the end of December, China’s comprehensive steel price index was 131.70 points, down 0.67 points or 0.5% from the end of November. According to the data of the General Administration of customs, from January to December, the import volume of iron ore and its concentrate in China was 1124.32 million tons, a year-on-year decrease of 3.9%. Among them, the import volume in December was 86.07 million tons, a year-on-year decrease of 11.4%.
In January, the price of carbon emission quota (CEA) in the national carbon market rose. The total turnover is 7862464 tons and the total turnover is 410854983.82 yuan. The monthly trading volume of the listing agreement is 991818 tons, the monthly turnover is 57026625.12 yuan, the highest transaction price is 61.60 yuan / ton, and the lowest transaction price is 51.71 yuan / ton. The closing price on the last trading day in January is 61.38 yuan / ton, up 13.21% from the last trading day in December. The monthly trading volume of block agreement is 6870646 tons, and the monthly turnover is 353828358.70 yuan. As of January 28, the cumulative trading volume of the national carbon market carbon emission quota (CEA) was 186651814 tons, with a cumulative turnover of 8072085006.81 yuan.
Risk tip: the macroeconomic downturn is accelerating, international relations are tense, and the epidemic situation is repeated
