Volume increased significantly from the lows of November. Total traded volume was 273,644 in December (up from 132,352 in November; 108% increase).
Supply continued to increase. Total sell bids exceeded 14.5 lakh RECs (up 18% from last month). The demand-supply gap remains a significant worry, despite increase in demand this month.
Prices remained at the floor level for the fifth month. However, higher demand meant that clearing ratios improved slightly. Clearing ratios were 22% in IEX and 17.5% on PXIL (last month was 8% and 25% respectively).
Demand and supply reduced from last month and prices varied slightly.
Clearing price at IEX was Rs 12,620 and on PXIL was Rs 12,100. There appears to be significant latent demand for Solar RECs (as seen in June and July), but the actual demand tracks available RECs closely.