Categories: General Date: Jan 16, 2018 Title: PIX Pellet Nordic 19.12.2017
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Pellet Market – The industrial wood pellet market has remained tight also in December, as reported by the Hawkins Wright Forest Energy Monitor. However, there are unplanned outages of Drax’ two pellet-using units which might impact the market by removing some of the demand.
Enviva Holdings and John Hancock Life Insurance Company have entered into a joint venture to develop and construct new production plants and new deep-water marine terminals in the US South. The first investment by the joint venture is the acquisition of Greenwood pellet plant in South Carolina from The Navigator Company.
The temperatures in December were either near the average or higher than the average in the Nordic countries. The Euro showed still strengthening against the Swedish Crown from November to December, and the monthly average exchange rate went up by 0.9%. This meant an upward push on the SEK value, and the opposite pressure on the Euro value. After removing the highest and lowest 10% of the price quotes, the PIX Pellet Nordic index value in Euro terms showed a decrease of 12 cents, or of 0.44%, and closed at 26.91 EUR/MWh. The index value in SEK headed north by 1.21 crowns, or by 0.45%, ending at 267.40 SEK/MWh.