Offset Pricing Monthly Market Digest – January 2022
by Derek Six | February 7, 2022
Offset Supply Information:
All CCOs issued to date: 232.33 million
CA and General Market Commentary:
- CCA prices declined approximately 13% in January. There is an auction coming up in February, but it is not immediately apparent that this substantial price decline was based on any market fundamentals. In fact, February’s auction will include only 58.5M Current Vintage CCAs, the lowest number in a year.
- Prices have fallen below the November, 2021 clearing price of $28.26. Some analysts have noted a correlation between the CCA market and the US stock market, and that general economic fears are driving declines in CCA prices.
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