ChinaCarbon.net.cn, April 04, 2017: The Guangdong emissions exchange held their third auction for the 2016 compliance year on Monday, 27 March 2017. The auction cleared 500,000 allowances offered at the reserve price of 16.09 yuan / ton. It was oversubscribed by 50% and cleared above the secondary market prices of Y15.51. A total of six companies participated in this auction. Bidders raised bids that ranged from Y16.09 to Y19.56 and declared a total of 787,000 tons. Out of the 6 companies, 4 of them were able to successfully win allowances with a transaction price of 16.5 yuan / ton of a total volume of 500,000 tons at RMB 8,250,000. Read full story….