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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.

Nov 13, 2018

Market Comments

PIX Bioenergy - Forest Biomass Finland

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The PIX Forest Biomass Finland index value is based on the September 2018 trading prices of forest residues and wood‐based industry by‐product bioenergy components in Finland, excluding pellets and liquid bio‐fuels.

Turun Seudun Energiantuotanto Oy has opened its 600 meter-long transport system which brings imported woodchips from the harbor to their CHP plant in Naantali. This increases the share of bio-based fuels at the plant from 50% to 70%. Fortum is building a 49 MW bioheat facility in Espoo to replace an old coal-powered one. In politics, the government is proposing to the parliament that the use of coal should be banned in 2029. Coal would be replaced mainly by biomass, which, most likely, would partly be imported.

Luke reports that the wood trade from non-industrial private forests amounted to 3.85 Mm³ in Finland in September which is 7% lower than in the previous year. The trade, however, increased from the previous month by about 20%.

After a hot summer, the weather continued to be warm also in September in Finland. After removing the 10% of the extreme values, the PIX Forest Biomass Finland Index headed higher with an increase of 89 cents, or of 5.26%, and settled at 17.78 EUR/MWh.