In April, the overall performance of carbon neutralization index was weak, with a decline of 15.90%, underperforming the Shanghai and Shenzhen 300 index, and continued to decline since February 25. According to the first-class industry classification of CITIC, the top five industries with the weight of carbon neutralization index are power equipment and new energy industries, accounting for 54.8%, with a total market value of 3725908 billion yuan; The power and public utilities industry accounted for 9.5%, with a total market value of 853976 billion yuan; The automobile industry accounts for 7.9%, with a total market value of 1549372 billion yuan; The basic chemical industry accounts for 7.9%, with a total market value of 561828 billion yuan; The machinery industry accounted for 6.3%, with a total market value of 242318 billion yuan. According to the three-level industry classification of CITIC, the industry weight of carbon neutralization index is classified according to the proportion of total market value. The top five industries account for 18.7% of passenger cars, 17.3% of lithium batteries, Cecep Solar Energy Co.Ltd(000591) 163%, 7.2% of hydropower, and 5.0% of power electronics and automation respectively.
Coal: the policy of increasing coal production and supply continued to advance, China’s raw coal production continued to maintain rapid growth, and imports changed from decline to increase. In April, 360 million tons of raw coal were produced, with a year-on-year increase of 10.7%, 4.1 percentage points slower than that of the previous month, and the average daily output was 12.09 million tons. The import of coal was 23.55 million tons, an increase of 8.4% year-on-year and a decrease of 39.6% last month. From January to April, 1.45 billion tons of raw coal were produced, with a year-on-year increase of 10.5%. 75.41 million tons of coal were imported, a year-on-year decrease of 16.2%.
Nonferrous Metals: the output of ten kinds of nonferrous metals maintained growth. According to the data of the National Bureau of statistics, from January to April, the output of ten kinds of non-ferrous metals in China was 21.7 million tons, a year-on-year increase of 0.7%, and the output of electrolytic aluminum was 13.01 million tons, a year-on-year decrease of 0.2%. In April, the output of ten non-ferrous metals in China was 5.53 million tons, a year-on-year increase of 0.3%, and the output of electrolytic aluminum was 3.36 million tons, a year-on-year increase of 0.3%. In April, the added value of the mining industry increased by 9.5% year-on-year, the non-ferrous metal smelting and rolling processing industry increased by 1.4%, and the manufacturing industry decreased by 4.6%.
In April, the trading volume of the national carbon market increased significantly, mainly due to the significant increase of block agreement transactions, the obvious decline of listing agreement transactions and the slight rise of CEA price. The total turnover of the national carbon market carbon emission quota (CEA) is 1450528 tons, with a total turnover of 8259580250 yuan. The monthly trading volume of listing agreement trading is 45435 tons, the monthly trading volume is 268589500 yuan, the highest trading price is 60.00 yuan / ton, and the lowest trading price is 58.00 yuan / ton. The closing price on the last trading day of April is 58.80 yuan / ton, up 0.43% from the last trading day of March. The monthly volume of block agreement transactions is 1405093 tons, with a monthly turnover of 7990990750 yuan. By the end of April, the cumulative trading volume of the national carbon market carbon emission quota (CEA) was 190481511 tons, with a cumulative turnover of 829107481002 yuan.
The price of carbon quota in South Korea’s carbon market continued to decline in April. The closing price of kau21 was 22800 won / ton on April 1 and 20550 won / ton on April 29, a decrease of 9.87%, narrower than that of the previous month; The total trading volume is 1222117 tons, with an average daily trading volume of 58196 tons, an increase over the previous month. The minimum daily trading volume is 13521 tons and the maximum is 135945 tons.
Risk tips: (1) macroeconomic downturn accelerated; (2) Intensifying geopolitical conflicts (3); Recurrent epidemic
