Week 06 2024
AlbionDesign GmbH week 06/2024
Economically Ecological
€/$ : 1.077 API 2 Front month $98.00 TTF Front month €28.13
EUA DEC 24 : €62.90 EUA DEC 25 €65.02 TTF Q2 €28.44
If you would like the full quotations, feel free to write to admin@albiondesign.co and your address will be added to the mailing list.
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 $
· Wood pellet A1 FOB Baltic €
· Certified PKS (dura) FOB Indonesia $ -US5$ on tenera
· Spent olive wastes FCA Spain €
· Baltpool Woodchips - :Lithuania €21.18/MWh :Latvia €23.88/MWh :Estonia €20.84/MWh
Freight:
· Baltic Coaster – ARA : €on 3/4kt
· Black Sea Coaster : $on 3/4kt
· Azov-Marmara : $on 3/4kt
· Handys/Supras : roughly $per day
Overview:
· Pure pellet players with stocks look really ugly at the moment.
· Fundamentally there are few reasons to push forward biomass consumption if you have the option to wait.
Demand:
· Pockets here and there. Numbers don’t yet make sense to buy speculative cargoes.
· Anyone spoken to an Asian PKS distributor recently? Seems like Japan is taking a breather from the market.
Into ARA on the densified biomass deduct $1+- for every additional 1kt as there is a freight saving.
Links and interesting reading:
· https://www.theguardian.com/commentisfree/2024/feb/06/germany-tractor-neo-nazi-economy-politics
· https://foreignpolicy.com/2024/02/06/merchant-shippers-fear-another-tanker-war-is-coming/
· https://www.japantimes.co.jp/news/2024/02/01/japan/jera-power-plants-check/
· https://www.montelnews.com/news/1536939/ec-calls-for-net-90-co2-cut-by-2040
Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.
