Week 50 2023

AlbionDesign GmbH                                                      week 50/2023

Economically Ecological                               

€/$                        ↘:                                          API 2 Front month ↗:                             TTF Front month     ↘:                            

EUA DEC 23 €      ↘:                                        EUA DEC 24                ↘:                          TTF Q1                     ↘:                            

Want the data? +41 78 217 644 or admin@albiondesign.co

Apologies, too many Amsterdam based boiler room/bucket shop pseudo-traders trying to hop a free ride.

 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 €/MWh ↗:Latvia €/MWh ↗:Estonia €/MWh ↗:

Freight:

·                     Baltic Coaster – ARA  ↗:                 € on 3kt              

·                     Black Sea Coaster  ↗:                      $on 3kt                               

·                     Azov-Marmara  ↗:                            $on 3kt                             

·                     Handys/Supras  flat:                         overall flat with pockets of gains e.g. USG                                                          

Overview:

·                     In general, landed costs of wood pellets are increasing. Agri is stagnant most places with demand stable

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

Demand:

·                     Still burning through storage. Heat demand is coming on slower than power

·                     CAPEX projects are bearing fruit – added together, it’s a good amount of demand

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/1533053/only-large-french-h2-projects-to-survive-inflation--tso

·         https://oilprice.com/Energy/Energy-General/The-Worlds-Second-Biggest-Coal-Company-Is-Looking-to-Exit-the-Industry.html

·         https://www.ft.com/content/f34a0bc9-12a0-4a98-a42e-4e008430f824

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

https://www.danubeportal.com/waterLevel

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