Week 20 2023
AlbionDesign GmbH week 20/2023
Economically Ecological
€/$ 1.08255 ↘ API 2 Front month $102.78 ↘
EUA DEC 23 €88.46 ↘ EUA DEC 24 €92.33 ↘
Half of the market is celebrating Ascension; the other half is on a plane back home from one of the many bio related conferences that took place this week.
Prices:
· Sunflower Husk Pellet - EU Production: flat €108+
· Russian Sunflower Husk Pellet CIF Med ↘: €130/1350
· SBP Wood pellet CIF ARA flat on week 19 $180
· Wood pellet A1 FOB Baltic ↗ on week 19 €193+
· Certified PKS (dura) FOB Indonesia Q2 flat $130
· Spent olive wastes ex Works Spain flat €122/€126
· Baltpool Woodchips Lithuania €22.47/MWh ↘ Latvia/MWh €27.50 ↗ Estonia €16.78/MWh ↘
Freight:
· Baltic Coaster – ARA flat on week 19 €19.5/20.5 on 3kt
· Black Sea Coaster ↘: on week 19 $23.5/25.5 on 3kt
· Azov-Marmara Coaster ↘: on week 19 $39/44 on 3kt
· Handys/Supras flat to slightly lower on week 19.
Overview:
· A week of conferences and long term planning
· There is a lot of new demand coming on. The question is the how much and when
Demand:
· Residential pellets are actually moving
· While prices appear to be reverting to their historical mean, demand remains moribund.
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/1499836/green-hydrogen-cost-prohibitive-until-2028--producer-
· https://www.montelnews.com/news/1499933/coal-hovers-close-to-2-year-low
· https://splash247.com/adm-signs-up-for-pioneering-barge-along-the-rhine/
· https://www.hellenicshippingnews.com/baltic-index-extends-losses-as-demand-for-larger-vessel-wane/
Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.
