Pix Nordic Wood Pellet index April – declining price in March

The Pix Nordic Wood Pellet Index published in April and presenting March values show a declining price because of the so far mild winter.

GradeValutaIndexChangeConfidence intervall
Pellet Nordic CIFEur/MWh27.33-0.2827.07-27.59
Pellet Nordic CifSEK/MWh260.40-1.24-

The supply demand balance in the pellet market has kept improving. Power plants in Europe have increased their pellet use and this has reduced spot volumes from the market. However political uncertainties impact the future market predictions. European heating pellet market has been doing better than in the previous heating season, with increased demand and higher prices.  In March the Euro also strengthened by 0.5% against the Swedish crown.

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Next PIX will be released on Tuesday May 16.

business.conbio.info/Lennart Ljungblom/2017-04-28