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FOEX Indexes Ltd is an independent company providing audited, trade-mark registered pulp, paper, recovered paper and wood based biomass price indices.

May 2, 2018

Market Comments

PIX Bioenergy - Pellet Continental

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Pellet Continental Europe – The International Renewable Energy Agency (IRENA) reports that the global installed renewable energy capacity increased by 167 GW (8.3%) in 2017, reaching 2,179 GW. The bulk of the increase was again represented by solar and wind energy. The bioenergy capacity increased by 5 GW from 2016. In bioenergy, most of the capacity increase took place in China, followed by Europe and South America.

In North America, Pinnacle Renewable Holdings has announced that the company has entered into a long-term off-take contract with Japanese Ube Industries, covering supply of 70 000 tons of pellets from late-2019 onwards.

After a very active heating season due to a cold and snowy weather throughout Europe, pellet inventories are presently very low Europe-wide. Although the heating season came to an end, demand continued to be quite good also in April in Central and Eastern Europe. Our PIX Pellet Continental index for medium-scale use showed a decline of 2.50 euros, or of 1.14%, with the benchmark landing at 216.13 EUR/ton.