Volumes of trade in biomass have jumped by thirty percent due to the approaching winter season
September in BALTPOOL biomass Exchange is traditionally characterised by the most active trade of the year. The value of concluded contracts reached EUR 8.5 million, which was 30 percent more than in August (EUR 6.5 million). Even 80 percent of biomass was purchased for the heating season.
By 3 October, when trade in half-year contracts for the heating period ended, the total quantity of biomass sold at the Exchange reached 53.1 thousand toe of biomass, which was 30 percent more than in August, when 44.5 thousand toe of biomass was sold.
This year, buyers purchased 35.4 percent of the total theoretical quantity of woodchips required for the whole heating season under long-term forward contracts. In September, 38.5 percent of this quantity (41.7 thousand toe) was purchased. It is likely that heat producers are expecting a warm winter, as they had secured under long-term forward contracts 44 percent of the total quantity of woodchips supplied during the 2016-2017 heating season.