Week 48 2023

AlbionDesign GmbH                                                      week 48/2023

Economically Ecological                               

€/$ 1.09900                       ↗:                          API 2 Front month $114.35  ↗:                          TTF Front month      €41.875  ↘:                            

EUA DEC 23 €72.32           ↘:                          EUA DEC 24 €75.84               ↘:                          TTF Q1                     €42.745  ↘:                            

Contact for full report with quotations. admin@albiondesign.co

 Prices:  

·                     Sunflower Husk Pellet - EU Production:      €

·                     Russian Sunflower Husk Pellet CIF Med      $

·                     Russian Sunflower Husk Pellet FOB Baltic  €

·                     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 €22.06/MWh ↗:Latvia €24.39/MWh ↘:Estonia €20.29/MWh ↗:

Freight:

·                     Baltic Coaster – ARA  ↗:                 €on 3kt              quite a move higher on previous weeks

·                     Black Sea Coaster  flat                     $on 3kt                              

·                     Azov-Marmara  flat                          $on 3kt                            

·                     Handys/Supras  ↗:                            up in the USG particularly                                                                                

Overview:

·                     US Gulf freight is a bright spot for geared vessels. Petcoke and grains are flowing

·                     It took until the end of November, but it is feeling chilly in some regions with high demand

Demand:

·                     Demand is slowly picking up, helping to get through stored volumes

·                     A good injection of cold could be the boost the heating markets need

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/1532113/gb-faces-power-supply-crunch-as-cold-snap-hits-continent

·         https://maritime-executive.com/article/panama-canal-warns-of-indefinite-delays-as-it-offers-special-auction-slot

·         https://www.hellenicshippingnews.com/storm-in-black-sea-floods-azov-port-delays-grain-shipments/

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

·         https://www.hellenicshippingnews.com/wp-content/uploads/2023/11/ISM_handy_week47.pdf

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