Week 02 2024

AlbionDesign GmbH                                                      week 02/2024

Economically Ecological                               

€/$                        :   1.0938                             API 2 Front month       $110                             TTF Front month      €31.2                           

EUA DEC 24         :   €69.79                           EUA DEC 24                  €72.04                         TTF Q2                     €31.115                           

N.B. with very little changing hands in the past weeks, bid – offer spreads are few and wide.

If you would like to be added to the mailing list with quotations, feel free to contact me.

 Prices:  

·                     Sunflower Husk Pellet - EU Production:      €Black Sea -€5

·                     Russian Sunflower Husk Pellet CIF Med      $

·                     Russian Sunflower Husk Pellet FOB Baltic   €

·                     SBP Wood pellet CIF ARA                               $ starting weak                 

·                     Wood pellet A1 FOB Baltic                            €

·                     Certified PKS (dura) FOB Indonesia              $                    -US5$ on tenera

·                     Spent olive wastes FCA Spain                        €

·                     Baltpool Woodchips - Lithuania €/MWh Latvia €/MWh :Estonia €/MWh

Freight:

·                     Baltic Coaster – ARA :                 €on 3/4kt  

·                     Black Sea Coaster :                      $on 3/4kt                                   

·                     Azov-Marmara :                           $on 3/4kt                 

·                     Handys/Supras :                    roughly $k per day                                                     

Overview:

·                     It is the start of the year. It has been quiet.

·                     Coal and CO2 have been moving around a lot. Biomass has been mainly flat to higher

Demand:

·                     Some power stations out for the time being. CHP filling in gaps. The power generator outages won’t last long

·                     The industrials slow down properly for the holidays, so await their return and planned maintenance ending

Into ARA on the densified biomass deduct $1+- for every additional 1kt as there is a freight saving.

Links and interesting reading:

·         https://www.hellenicshippingnews.com/shipping-costs-rise-by-up-to-250-due-to-red-sea-attacks/

·         https://www.zawya.com/en/world/uk-and-europe/part-of-rhine-river-in-germany-closed-to-shipping-after-water-rises-gg6da2as

·         https://biomassmagazine.com/articles/us-wood-pellet-exports-at-655649-metric-tons-in-november

·         https://www.danubeportal.com/waterLevel

Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.