Categories: General Date: Apr 17, 2018 Title: PIX Pellet Nordic 17.4.2018
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Pellet Market – Cold weather prevailed in Europe also during March, increasing demand for pellets, as reported by the Hawkins Wright Forest Energy Monitor. The Scandinavian industrial heating continued to drive the industrial pellet spot market in Europe.
The Russian wood pellet exports were record high in 2017, totalling 1.4 million tonnes of pellets (+25% from 2016). The restart of the large pellet mill in Vyborg area boosted the numbers in 2017. A large majority of these pellets were delivered to Denmark. The pellet statistics published by Luke show that the pellet production in 2017 in Finland totalled about 325 000 tonnes. This is 20% higher than in 2016 but still lower than the 2008 record volume of about 375 000 tonnes.
March weather was colder than average in the Nordic countries, in some parts even exceptionally cold. This increased again the heat and electricity demand in the region. The Euro strengthened against the Swedish Crown in February, and the monthly average exchange rate went up by 2.2%. The stronger Euro means an upward push for the SEK value, and the opposite for the Euro value. After removing the highest and lowest 10% of the price quotes, the PIX Pellet Nordic index value in Euro terms showed an increase of 7 cents, or of 0.25%, and closed at 27.54 EUR/MWh. The index value in SEK headed north by 6.82 crowns, or by 2.50%, ending at 279.83 SEK/MWh.