European market started the year of 2015 with gradual prices growing
According to the latest analytical data prices for wood pellets started growing after the last year fall.
FOEX index calculated for the European markets grew by 0,25 per cent last December and amounted to 228,3 euro per ton. As for the regional markets the average price for one ton of wood pellets was 248 euro (for six tons purchase) in January that was 0,4 per cent higher than prices level in December. For bulk purchases (in amount starting with 17 tons) the price grew by only 0,2 per cent and for retailer (15 kg bags) the price grew by 1,3 per cent. The total price fall at the Austrian market is 6,7 per cent.
The same situation is at the German market. Average prices grew by 0,8 per cent with 255,68 euro per one ton of wood pellets. However to compare with the last year prices reduced by 10 per cent and varied from 254,9 euro to 257,24 euro per ton according to the region location.
Analytics of Ukrainian biofuel portal pellets-wood.com considers that prices fell due to many reasons. The key facts are warm winter, reduced demand for wood pellets, falling prices for traditional energy sources such as oil and natural gas and of course the fact that American producers increased export costs by 10 per cent. Strong influence had the information about enlargement pellet production in USA including Portucel Group announcement of a new plant construction.
Author: Ivan Prokhorov
