Week 08 2024

AlbionDesign GmbH                                                      week 8.5/2024

Economically Ecological                               

€/$                        :   1.08452                         API 2 Front month       $106.00                      TTF Front month      €25.809

EUA DEC 24         :   €56.37                           EUA DEC 25                  €58.55                         TTF Q2                      €26.0

For quotations feel free to write to admin@albiondesign.co

 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 €18.95/MWh :Latvia €23.53/MWh :Estonia €23.45/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:

·                     Very little spot activity last week. Major conferences took place

·                     CO2 is off its lows as is coal. Is the worst over?

Demand:

·                     Those buying spot are probably happy with their positions as deal as out there

·                     Power prices are low, power demand isn’t great and there are plentiful supplies of fuels.

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

Links and interesting reading:

·         https://biomassmagazine.com/articles/university-of-sheffields-energy-innovation-centre-partners-with-drax-to-advance-carbon-capture-research

·         https://www.reuters.com/business/energy/

·         https://www.forbes.com/sites/alanohnsman/2024/02/26/current-climate-co2-emissions-fall-but-theres-a-long-way-to-go/?ss=energy

·         https://www.ft.com/content/59126865-a2f3-4d22-8850-002595674cd4

https://eu.starnewsonline.com/story/news/local/2024/02/27/wood-pellet-maker-enviva-faces-deadline-as-financial-uncertainty-looms/72673161007/

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