Week 18 2024
AlbionDesign GmbH week 18/2024
Economically Ecological
€/$ : 1.07176 API 2 Front month $108.75 TTF Front month €29.00
EUA DEC 24 : €68.10 EUA DEC 25 €70.90 TTF Q4 €33.36
call +41 78 217 6442 or write admin@albiondesign.co to be added to the mailing list with 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 €17.48/MWh :Latvia €18.07/MWh :Estonia €17.07/MWh
Freight:
· Baltic Coaster – ARA : €-on 3/4kt
· Black Sea Coaster : $-on 3/4kt
· Azov-Marmara : $-on 3/4kt
· Handys/Supras : roughly $ per day
Overview:
· With the big EU Biomass conference last week and a mix of holidays this week, it’s quiet.
· Whether residential volumes or industrial volumes, wood pellets are sinking.
Demand:
· Demand is not gambling. Hand to mouth purchasing and little more. Why buy forward if everyone is bearish?
· The market wants steel to join the club. Getting all the pieces in place will take time. These more advanced solid fuels are part of a bigger puzzle involving syn gas & liquids, and other developers. Lots of moving parts.
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/china-back-as-australias-top-coal-client/
· https://splash247.com/why-ammonia-might-not-win-the-future-fuels-race/
· https://biomassmagazine.com/articles/drax-issues-q1-trading-update
Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.
