Week 03
AlbionDesign GmbH week 03/2022
Economically Ecological
€/$ 1.1342 ↗ $/₽ 76.84 ↗
EUA Dec 22 €82.26 ↘ API 2 Front month $138.30 ↗
After less than productive talks between East & West, gas is rising again in Europe. Troll field is still down and France has some nuclear issues. So, Back to The Future – fuel prices up. Geared vessels are slowly trending down with supramaxes at near 1 year lows. With Chinese New Year around the corner and the Olympics following, coal & gas could get even more volatile.
Overview:
· RED II is with us. Now begins the task of sitting down with suppliers, auditors and the National Regulator.
· Biomass demand into non-mandated parties had a taster in 2021. 2022 biomass is now part of the EU energy market. Cement, Lime, Petrochemical producers, etc. If they burned coal, they now add biomass.
Demand:
· Demand remains strong across the board. Coupled with the heating season, the price floor keeps heading up
· Heating demand and high prices with low availability is forcing some operators to explore different origins and/or fuels that are compatible with their boilers/kilns.
Freight:
· Baltic Coaster <-> flat on week 02. €3-35 on 3kt Baltic
· Black Sea Coaster ↘ week 02. N. Black Sea to Marmara is near $35 on 3kt $1 less on previous
· Azov-Marmara Coaster ↘ on week 2. +- $40 Azov Marmara/E. Med $1 less on previous
· Handys/Supras ↘- down about 6%
Prices:
· Sunflower Husk Pellet Baltic: <-> Spot 60 days FOB €125+-
· Sunflower Husk Pellet Black Sea: ↗ FOB €125
· Olive Wastes S. Spain FOB: ↗ €N.A. I cannot find reliable prices attached to real volume
· Wood pellet CIF ARA: ↗ a few $ higher on week 02 Q1 $235 Q2 $220
·
Into ARA on the sunhusk deduct $1+- for every additional 1kt as there is a freight saving.
Links and interesting reading:
· https://circabc.europa.eu/sd/a/2c8378ab-c686-449d-9dd1-65371ab30889/Oilseeds-dashboard_en.pdf
· https://en.ilmatieteenlaitos.fi/ice-conditions *Finnish Weather Service for Ice Reports
· https://www.hellenicshippingnews.com/
· https://www.euractiv.com/sections/energy/
Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.
