Mar 21 2017
|Pellet Nordic CIF||EUR/MWh||27.61||– 0.11||27.33 -27,89|
Index is based on previous month’s data.
For price conversion between price per ton and price per MWh, a coefficient of 4.8 is used, if not otherwise informed by the price provider.
The average temperature in February remained warmer in 2017 than the longer-term statistical average in the Nordic countries. No major changes have been seen in the Nordic industrial pellet markets. The changes in prices reported to us for February trades were mainly downwards, while unchanged prices were also seen. In February, Euro weakened further by 0.4% against the Swedish Crown. This meant downward pressure on the SEK value, while the opposite to the Euro value. After removing the highest and lowest 10% of the price quotes, the PIX Pellet Nordic index value in Euro terms inched down by 11 cents, or by 0.40%, and closed at 27.61 EUR/MWh. The strengthening of the Swedish Crown pulled the index value down in SEK a bit more, and the benchmark decreased by 2.01 crowns, or by 0.76%, and closed at 261.64 SEK/MWh.
According to the Hawkins Wright Forest Energy Monitor, the European industrial pellet market has shown some signs of increased activity. Picking up has also been seen in the heating market, due to the colder winter weather in continental Europe. Supply and demand balance has shown some signs of normalization and the dollar prices of pellets have increased, even though still near the historic lows, while spot availability is reported thin.
After consuming stocks for some months, Drax has now again entered the short-term market.
PIX indexes are produced by FOEX indexes Ltd. Next PIX will be released on TUESDAY April 18, 2017 at 12 noon Helsinki time