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The value of the BWCS (Baltpool Wood Chips SPOT) LT index has reached 11.25 EUR/MWh. An increase of 3.1% per month, and 34.1% per year has been recorded in the value of the index. The overall turnover of the exchange amounted to 422,100 MWh (with short-term contracts reaching 85.9%).
In March, similarly to the first quarter of the year, the amount of sold timber remained low. Historically, with a few exceptions, the first quarter of the year is always considered the least active.
With the growing demand for sustainable biomass in Europe, the international biomass exchange Baltpool is expanding its range of products having sustainability certificates.