Week 03 2024

AlbionDesign GmbH                                                      week 03/2024

Economically Ecological                               

€/$                        :   1.08792                         API 2 Front month       $110                            TTF Front month      €29.095

EUA DEC 24         :   €65.34                           EUA DEC 25                  €67.66                         TTF Q2                     €29.130                          

N.B. with very little changing hands in the past weeks, bid – offer spreads are few and wide.
For Quotations feel free to contact me. I’ll add you to the emailed newsletter with figures.

 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 €21.40/MWh Latvia €26.02/MWh :Estonia €21.22/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:

·                     Big buyers are waiting to see what Enviva has to say

·                     Coal is below $100, CO2 is firmly below €70, Gas is down. Wood pellets are out on an industry basis.

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.wsj.com/articles/wood-pellet-maker-enviva-misses-bond-payment-82b39df7

·         https://cbonds.com/bonds/641475/

·         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.