The price of SHEA14 (Shanghai) dropped drastically; traded volume in Guangdong ETS pilot multiplied 20 times in this week from last week

16 June 2015 – In the last week (8th-12th June, 2015), the total amount traded in all seven ETS pilots was 1.56 million tons, total transaction was 31.15 million CNY. Average price of allowances in Beijing, Guangdong, Hubei and Chongqing remained relatively stable, while the price of SZA13 (Shenzhen) and SHEA14 (Shanghai) fluctuated drastically. The price of SHEA14 dropped to 12.5 CNY per ton on 11th and 12th June, which was the lowest price in history. This could be caused by allowance dumping from large ETS involved enterprises with overmuch allowances.
Source: www.ideacarbon.org