The first National Carbon Market Simulation Trading Competition officially started on the first day Hundreds of enterprises participated in trading

On August 14, the first National Carbon Market Simulation Trading Competition (hereinafter referred to as the "Competition"), hosted by the Shanghai Environmental Exchange, co-organized by Guotai Junan Securities Co., Ltd. and co-supported by CNBM Green Energy Co., Ltd., officially kicked off, with the active participation of participating enterprises and active trading. At 9:30 a.m., the first simulated quota transaction was reached at a price of 55.00 yuan / ton.

The Securities Times reporter learned that the simulated quota trading volume on the first trading day of the competition was 6.3651 million tons, the turnover was 350 million yuan, and the closing price was 55.00 yuan / ton, and hundreds of companies participated in the transaction.

In addition to emission control enterprises from power generation, petrochemical, chemical, building materials, iron and steel, nonferrous metals, paper and civil aviation industries, the competition also includes non-performing entities to participate, and each participating enterprise will carry out transactions according to its own role configuration and transaction plan. It is reported that the trading rules involved in the competition, such as declaration elements, trading units, price fluctuations and so on, are basically the same as those of the national carbon market.

The official trading period of the competition is from August 14 to September 15, 2023, and the Shanghai Environmental Exchange, as the organizer, will actively do a good job in the organization, supervision and management of the competition, information disclosure, etc., and strive to ensure the smooth progress of the event in accordance with the principles of fairness, justice and openness. Participants shall strictly abide by the rules of the trading competition and carry out transactions actively, standardized, and rationally.

According to the relevant arrangements of the competition, the first simulated quota paid distribution will be carried out through the simulated trading system on the afternoon of this Thursday (August 17, 2023), using one-way auction trading, and the auction quantity and reserve price will be released through the simulated trading system. In addition, the results of the competition week will be released every Friday.