Week 33 2023
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AlbionDesign GmbH week 33/2023
Economically Ecological
€/$ 1.09169 ↘: API 2 Front month $121.47 ↗:
EUA DEC 23 €86.87 ↗: EUA DEC 24 €91.36 ↗:
Halfway through August and it is as quiet as one would expect. Gas markets, and the wider energy complex, are bouncing around in the Australian gas strike news and its wider implications. Providing 10% of the world’s LNG, the news is wide-reaching. The biomass market is on standby. Not wanting to leave anyone behind, the market is waiting for the remainder of purchasers and traders to return in early September.
Prices:
· Sunflower Husk Pellet - EU Production: flat €abc
· Russian Sunflower Husk Pellet CIF Med flat €abc
· SBP Wood pellet CIF ARA flat on week 32 €abc
· Wood pellet A1 FOB Baltic flat on week 32 €abc
· Certified PKS (dura) FOB Indonesia Q2 flat €abc
· Spent olive wastes ex Works Spain flat €abc
· Baltpool Woodchips (week 32) Lithuania €20.70/MWh ↗: Latvia €21.26/MWh ↘:Estonia €18.88/MWh ↘:
Freight:
· Baltic Coaster – ARA flat on week 32 €abc on 3kt
· Black Sea Coaster ↗ on week €abc on 3kt
· Azov-Marmara ↗ on week €abc on 3kt
· Handys/Supras higher on week 32.
Overview:
· With freight only making small gains, the increase in biomass prices is on the FOB side.
Demand:
· The spot market into Japan and Europe is quiet
Into ARA on the densified biomass deduct $1+- for every additional 1kt as there is a freight saving.
Links and interesting reading:
· https://www.ft.com/content/4171ee2c-a647-47db-a208-7ead73e88b5e
· https://biomassmagazine.com/articles/20299/usipa-uk-government-reaffirms-support-for-biomass
· https://www.ft.com/content/03f028d6-3b6d-456c-a57b-b08590f1828f
· 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.
