Week 16 2024

AlbionDesign GmbH                                                      week 16/2024

Economically Ecological                               

€/$                        :   1.06266                         API 2 Front month       $119.85                      TTF Front month      €32.93

EUA DEC 24         :   €72.63                           EUA DEC 25                  €75.48                         TTF Dec                    €38.00

call +41 78 217 6442 or write admin@albiondesign.co and you’ll be added to the mailing list with all the relevant pricing.

 Prices:  

·                     Sunflower Husk Pellet - EU Production:      € Black Sea -€5  

·                     Russian Sunflower Husk Pellet CIF Med      $Need to double check this new Agri Import Tax.

·                     Russian Sunflower Husk Pellet FOB Baltic  € Need to double check this new Agri Import Tax.

·                     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 €16.5/MWh :Latvia €20.29/MWh :Estonia €14.87/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:

·                     Spring is typically when the new seasons’ demand is discussed, and this is ongoing in very open talks.

·                     Larger ships are still struggling to find a floor.

Demand:

·                     Overall there is less demand from power and heating than expected, dampening the mood

·                     A ray of light. Biomass is part of the energy transformation and companies are taking steps where they can

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

Links and interesting reading:

·         https://www.businessinsider.com/photos-dubai-airport-flash-floods-show-downsides-controlling-the-weather-2024-4

·         https://www.bioenergy-news.com/news/irans-largest-biomass-plant-is-inaugurated/

·         https://www.sumitomocorp.com/en/cis/business/case/group/cc-181101

·         https://biomassmagazine.com/articles/becss-project-in-sweden-earns-planning-permission

·         https://www.rhineforecast.com/

·         https://circabc.europa.eu/sd/a/2c8378ab-c686-449d-9dd1-65371ab30889/Oilseeds-dashboard_en.pdf

·         https://www.iberdrola.com/press-room/news/detail/iberdrolas-renewable-energy-production-reaches-10-year-highs-in-spain

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