Week 11 2024

AlbionDesign GmbH                                                      week 11/2024

Economically Ecological                               

€/$                        :   1.09229                         API 2 Front month       $106.15                      TTF Front month      €25.140

EUA DEC 24         :   €57.30                      EUA DEC 25                  €59.53                         TTF Q2                     €25.385

Call or write for full quotations. admin@albiondesign.co    +41 78 217 6442

 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 €/MWh :Latvia €/MWh :Estonia €MWh

Freight:

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

·                     Black Sea Coaster :                      $3/4kt                        

·                     Azov-Marmara :                           $on 3/4kt                 

·                     Handys/Supras :                    roughly 15.5$k per day                                                                

Overview:

·                     Enviva just went for Chapter 11, so there will be a lot of unknowns in the coming days.

·                     More coal inquiries into ARA. Should we take this as an omen of goof things to come

Demand:

·                     Demand is there. Sellers need to react to the new pricing reality.

·                     If Enviva evaporates your contract, is that bullish for the market or neutral?

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

Links and interesting reading:

·         https://www.ft.com/content/901bc68e-ad35-42eb-97e0-542c631b9033

·         https://channels.ft.com/en/climate-capital/peatlands-carbon-problem/?utm_source=FT&utm_medium=backfill&utm_content=ft_marketing

·         https://oilprice.com/Metals/Commodities/Iron-Ore-Futures-Take-a-Hit-as-Chinese-Demand-Wavers.html

·         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.