Week 43 2023

AlbionDesign GmbH                                                      week 43/2023

Economically Ecological                               

€/$ 1.057815                     ↗:                          API 2 Front month $133.50  ↘:                            TTF Front month      €50.62   ↗:

EUA DEC 23 €80.05           ↘:                          EUA DEC 24 €84.03               ↘:                            TTF Q1                     €56.25   ↘:                            

Call or write to admin@albiondesign.co for quotations

 Prices:  

·                     Sunflower Husk Pellet - EU Production: €xyz

·                     Russian Sunflower Husk Pellet CIF Med €xyz

·                     Russian Sunflower Husk Pellet FOB Baltic €xyz

·                     SBP Wood pellet CIF ARA  €xyz                  

·                     Wood pellet A1 FOB Baltic €xyz

·                     Certified PKS (dura) FOB Indonesia Q4 €xyz          -US$5 on tenera

·                     Spent olive wastes FCA Spain €xyz

·                     Baltpool Woodchips - Lithuania €21.26/MWh ↘: Latvia €20.03/MWh ↘: Estonia €13.3/MWh ↘:                          

Freight:

·                     Baltic Coaster – ARA  flat €xyz on 3kt                        

·                     Black Sea Coaster  ↘ €xyz on 3kt                                

·                     Azov-Marmara  ↘ €xyz on 3kt                    

·                     Handys/Supras  ↗            US Gulf strong, tepid elsewhere                                                            

Overview:

·                     The energy markets are nervy with a million and one reasons to change direction

·                     EU Coal reserves are high on lower generation.

Demand:

·                     Industry, geography, and forward sales dependent

·                     Heavy Industry, here and there, continues rolling out their CAPEX projects according to their long term plans

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/6ba32c6e-b917-4115-a0f0-d3be91a6c440

·         https://www.newyorker.com/magazine/2023/10/23/the-great-cash-for-carbon-hustle

·         https://www.ft.com/content/90392004-97e0-4444-a5cd-82220fe52510

·         https://www.hellenicshippingnews.com/ukraine-exports-700000-t-grain-via-new-black-sea-corridor-minister/

·         https://circabc.europa.eu/sd/a/2c8378ab-c686-449d-9dd1-65371ab30889/Oilseeds-dashboard_en.pdf

·         https://www.rhineforecast.com/

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