Week 21 2024

AlbionDesign GmbH                                                      week 21/2024

Economically Ecological                               

€/$                        :   1.0825                            API 2 Front month       $113.1                        TTF June                     €34.105

EUA DEC 24         :   €76.49                           EUA DEC 25                  €79.74                         TTF Q4                     €36.685

 
 write or call to for full quotations + 41 78 217 6442  / info@albiondesign.co

 Prices:  

·                     Sunflower Husk Pellet - EU Production:      €Black Sea   

·                     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 €/MWh :Latvia €/MWh :Estonia €/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:

·                     Power generation from biomass is behind schedule, Japanese commissioning moving at a snail’s pace.

·                     Have we finally stopped talking about hydrogen from transport? Please

Demand:

·                     Demand remains below capacity and new Japanese plants are behind schedule and/or caught on fire

·                     Elephants and skeletons are still present in the room and in the closet. Still waiting to see how supply will look before making any big decisions.

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

Links and interesting reading:

·         https://www.hydrogeninsight.com/production/eu-hydrogen-targets-are-impossible-as-green-h2-costs-eight-times-as-much-as-grey-h2-today-total-ceo/2-1-1634747

·         https://www.theguardian.com/environment/article/2024/may/14/sustainable-jet-fuel-report

·         https://theoptionsinsider.com/radio/twifo/twifo-402-dr-copper-and-explosive-nat-gas/

·         https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry

·         https://www.cemnet.com/News/story/177035/venezuelan-sanctions-reimposed-russia-pauses-coal-export-fee-while-petcoke-discount-remains-attractive.html

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