Categories: General Date: Jun 19, 2018 Title: PIX Pellet Nordic 19.6.2018
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Pellet Market – Svebio reports that in 2017, the Swedish pellet market grew to 1.8 Mt of wood pellets producing 8.5 TWh of energy. This is, however, still lower than the record high number of 2.2 Mt in 2011. Swedish pellet production grew to 1.74 Mt, imports stayed flat at 270 kt, while the exports pointed down by 12% at 200 kt.
With the warmer May weather, the European industrial pellet spot market has settled down, according to the Hawkins Wright Forest Energy Monitor. Some buyers are building up their inventories during summer with European pellets while there have reportedly been only little US spot supply.
May weather was record warm in the Nordic countries. The temperatures were very high in most parts of the region almost throughout the whole month, giving a quick end to the heating season. After a period of strengthening, the Euro weakened slightly against the Swedish Crown in May, and the monthly average exchange rate went down by 0.3%. This means a slight downward 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 a decrease of 51 cents, or of 1.89%, and closed at 26.47 EUR/MWh. The index value in SEK went downwards by 6.08 SEK, or by 2.17%, to 273.75 SEK/MWh.