Week 16 2023
AlbionDesign GmbH week 16/2023
Economically Ecological
€/$ 1.0947 ↘ API 2 Front month $127.65 ↗
EUA DEC 23 €92.07 ↘ EUA DEC 24 €96.54 ↘
A quiet week with many in SE Asia enjoying Eid and many others at the Argus Biomass conference in London.
Prices:
· Sunflower Husk Pellet - EU Production: ↘: €110+
· Russian Sunflower Husk Pellet CIF Med ↘: €135/140
· SBP Wood pellet CIF ARA ↘ on week 15 $191
· Wood pellet A1 FOB Baltic ↘ on week 15 €190+
· Certified PKS (dura) FOB Indonesia Q2 flat $130
· Spent olive wastes ex Works Spain flat €124/€130
· Baltpool Woodchips LT €21.89/MWh ↗: LV €25.71MWh ↗: EE €15.00/MWh ↗
Freight:
· Baltic Coaster – ARA ↘: on week 15 €20/21 on 3kt
· Black Sea Coaster ↘: on week 15 $27/28 on 3kt
· Azov-Marmara Coaster ↘: on week 15 $51/53 on 3kt
· Handys/Supras flat: on week 15 .
Overview:
· Gas, Coal, Petcoke are cheap compared to wood.
Demand:
· There is no demand.
Into ARA on the densified biomass deduct $1+- for every additional 1kt as there is a freight saving.
Links and interesting reading:
· https://www.montelnews.com/news/1490314/europe-to-remain-awash-with-lng-to-autumn--analysts
· https://www.baltpool.eu/en/home-page/
· https://www.ft.com/content/a4d4e1ce-5444-42c7-bda6-6fda77cc2fe7
Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.
