Week 15 2024

AlbionDesign GmbH                                                      week 15/2024

Economically Ecological                               

€/$                        :   1.085707                       API 2 Front month       $114.95                      TTF Front month      €27.60

EUA DEC 24         :   €64.17                 EUA DEC 25                  €66.59                         TTF summer            €27.965

Welcome back all those from the Easter and Ramadan.

For a complete file with prices, write to info@albiondesign.co, and your address will be added

 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 €16.33/MWh :Latvia €21.51/MWh :Estonia €17.48/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:

·                     More of the same. Expect some trades, however small, as people are back to work.

·                     Larger ships are still struggling to find a floor.

Demand:

·                     Demand is driven by price. With coal and gas higher, those that can switch easily and economically, will

·                     With so many industries serving one another, a big boost would come from increased EU steel production.

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

Links and interesting reading:

·         https://splash247.com/panama-canal-authority-warns-restrictions-will-remain-in-place-throughout-2024/

·         https://biomassmagazine.com/articles/a-sustainable-strategy

·         https://www.hellenicshippingnews.com/baltic-index-extends-decline-as-larger-vessel-rates-dip/

·         https://www.graincentral.com/markets/power-struggle-grips-russian-grain-export/

https://www.ft.com/content/d536f588-a307-4c89-9ae6-1f53686ae347

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