100,001-Ton Trade Caps Fabulous July Month
Taking advantage of lower prices sees 52 weeks average rise back over 6,000 credits per transaction:
July finished with a flourish, even on weekends clients are buying across multiple credit standards, with trades for UNFCCC CDM CERs, CTX CERs Gold Standard VERS, Verra VCS, Universal Carbon and BioCarbon Registry.
Lower prices are expected in a softer market, but that’s seen much less action in OTC trades and more on the CTX platform – especially since the recent introduction of the ‘Buy to Retire’ feature. Of course, the CTX 52 weeks average volume has dopped this year, but with trades ranging from our 100-ton minimum up to 150,000+ in July there’s plenty of life out there. In July we increased our floor price for credits which had been set many years ago and hadn’t been tested for 2-3 years, but for some new buyers this ultra low prices plus allowing buyers without a registry account access to new credit standards, we are catering to all the market buyers and sellers, who after all set the prices – not CTX.
