Week 31 2023
AlbionDesign GmbH week 31/2023
Economically Ecological
€/$ 1.09891 ↘: API 2 Front month $110.00 ↗:
EUA DEC 23 €85.01 ↘: EUA DEC 24 €89.46 ↘:
If you speak a language derived from Latin, you are most likely on a beach somewhere. A sizeable chuck of Europe speaks such a language, so the market is on standby with small parcels swapping hands here and there. Maintenance keeps things quiet for those not on holidays, leaving lots of time to procrastinate or try and second guess where the market is going.
admin@albiondesign.co for quotations
Prices:
· Sunflower Husk Pellet - EU Production: mixed xyz
· Russian Sunflower Husk Pellet CIF Med flat xyz
· SBP Wood pellet CIF ARA mixed on week 30 xyz
· Wood pellet A1 FOB Baltic flat on week 30 xyz
· Certified PKS (dura) FOB Indonesia Q2 flat xyz
· Spent olive wastes ex Works Spain slightly lower xyz
· Baltpool Woodchips Lithuania € xyz /MWh ↘: Latvia € xyz /MWh ↗: Estonia € xyz /MWh ↗
Freight:
· Baltic Coaster – ARA flat on week 30 on 3kt xyz
· Black Sea Coaster ↗ on week 30 on 3kt xyz
· Azov-Marmara ↗ on week 30 on 3kt xyz
· Handys/Supras flat on week xyz
Overview:
· Some bearish indicators, some bullish indicators leave us larger flat .
Demand:
· Will En Niño prove a support for heating markets and their associated biomasses?
· On paper demand seems strong. Maintenance and CAPEX calculations are holding things back.
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/1513358/spanish-gas-consumption-falls-16-in-july
· https://circabc.europa.eu/sd/a/2c8378ab-c686-449d-9dd1-65371ab30889/Oilseeds-dashboard_en.pdf
Numbers subject to change. These figures are indications and in no way a confirmation on tradable prices. For reference only.
