2018
10/01
The operator of the energy exchange introduces transactions for partial prepayment for biomass and accumulation of biomass (hereinafter partial prepayment transactions) from 25 September 2018. A key condition of the partial prepayment transaction is a partial prepayment and, accordingly, advance accumulation of biomass. Trade under these transactions will be carried out in the “Non-standard trade” section. The main conditions of transactions for partial prepayment for biomass and accumulation of biomass are as follows: Partial prepayment transactions may be concluded for biomass
2018
09/20
In August 2018, the intensity of trade in timber via the ETTS tripled compared to July. Transactions for the sale of 17,338 m3 of timber were concluded; this figure was 5,948 m3 in July. Over one month, the financial value of the transactions increased 3.5 times and amounted to EUR 894,462 (compared to EUR 257,534 recorded in July). One half of the transactions concluded via the ETTS in August accounted for the sale of sawlogs. Of these, 28% accounted for
2018
09/19
Record high activity was recorded in August in the BALTPOOL Biomass Exchange: compared to July, the trade turnover increased by 78%, 73% of concluded transactions accounted for long-term supply contracts for the 2018–2019 heating season, and the total amount of biomass purchased for the heating season by the end of the month accounted for 18% of the required amount of biomass. In August, the average price of biomass purchased for the forthcoming heating season, compared to the average supply price
2018
08/22
The 6 thousand m3 timber were sold at the ETTS short-term auctions in July 2018. The financial value of the contracts amounted to 257,53 thousand euro. The largest number of contracts was concluded for sales of sawlogs and timber harvesting waste. Their trade amounted to 37% (2.3 thousand m3) and 31% (1.8 thousand m3) of the total amount of contracts in July respectively. The change in the weighted price of timber sold under short-term contracts concluded at the ETTS in
2018
08/21
The value of the BWC SPOT Lithuania index published by BALTPOOL UAB shows that the prices under one-week transactions have been growing since May. In July, the value of the index increased from 151.94 EUR/toe to 177.65 EUR/toe. For comparison, a similar figure was recorded in November last year. According to biomass suppliers, the growth of biomass prices occurs due to objective reasons, i.e. the increasing price of diesel fuel, growing salaries and the significant increase in the price of
2018
07/25
In June 2018, the regional divisions of the State Forestry Enterprise sold twice less of wood at 66 short-term auctions than during the last month. The trade volumes shrank to 23.0 thousand m3 of wood, and the financial value of contracts dropped from EUR 2,085.9 thousand to EUR 1,176.3 thousand. Half of timber sold was sawlogs, its sales volume amounted to 11.3 thousand m3. Within this category, sales by wood species distributed as follows: pine logs – 47%, spruce logs
2018
07/19
Biomass Prices Are Rising Not Even Halfway through the Summer Season The beginning of the summer season 2018 significantly changed the purchasing strategy of heat producers. Most of the buyers bought biomass under one-week and one-month contracts. Analysis of the price changes in the summer seasons of 2015-2018 shows that the prices of both short-term and long-term contracts have been rising not even halfway through this summer season. Comparing the volumes and prices of contracts concluded by the end of
2018
07/02
Transactions for biomass worth EUR 200 million concluded In May of this year, the value of transactions concluded at BALTPOOL Biomass Exchange exceeded EUR 200 million. Some of the facts related to this achievement are described below: More than 1.3 million toe of biomass, which accounts for approximately 250 000 woodchips transportation vehicles, was purchased; More than 15 000 transactions were concluded; Latvian biomass suppliers accounted for approximately 2.5% of the biomass market; A total of 78 buyers and 179 sellers from
2018
06/29
OVERVIEW OF LONG-TERM AND HALF-YEAR AUCTIONS The long-term and half-year auctions of the 2nd half of 2018 organised by regional divisions of the State Enterprise State Forests Directorate were completed on 29 May 2018. At the auctions, 586,430 m3 of timber was sold, of which 526,340 m3 accounted for round timber and 60,080 m3 accounted for timber harvesting residues. Regional divisions of the State Enterprise State Forests Directorate sold 99.42% of the planned amount (589,860 m3). Half-year auction of the
2018
06/20
The Operator of the exchange has recently received buyer requests to supplement the specifications of biomass products with sulphur and chlorine limits and to provide for real sanctions for instances of increased content of these chemical elements. Buyers ground their requests on specific measurements, in the buyers’ opinion, high content of the chemical elements has resulted in the corrosion of biomass combustion installations. The Operator took biomass samples and conducted sulphur and chlorine content tests. The tests revealed that even
2018
05/22
Just after completion of the heating season 2017-2018, long-term contracts for the coming heating season 2018-2019 were concluded at BALTPOOL Biomass Exchange in April: 1,440 toe of woodchips at 160 EUR/toe was purchased in Klaipėda county, and 432 toe at 155 EUR/toe in Utena county. Comparison of long-term contracts with the contracts concluded in the same counties during the same period last year shows that biomass was 5% cheaper (152.17 EUR/toe) in Klaipėda county, and 14% cheaper (132.73 EUR/toe) in Utena county in the past heating
2018
05/18
In April 2018, the regional offices of the State Forestry Enterprise sold 21 thousand m3 of timber, i.e. 9 percent more than in March, at 36 short-term auctions. The financial value of contracts was EUR 916.1 thousand. The highest demand was for timber, 5.5 thousand m3 of it was sold, packing logs – 5.3 thousand m3, pulpwood – 4.8 thousand m3. The weighted price of timber sold in April 2018 at the ETTS decreased by 10 percent compared to March
2018
05/17
During the 2017-2018 heating season, biomass through the BALTPOOL Biomass Exchange was supplied under 4067 contracts. The number of contracts concluded during this heating season was 27% higher than during the previous heating season (3198 contracts). The total value of biomass supplied during the 2017-2018 heating season increased by 19%: from EUR 45.2 million to EUR 53.6 million compared to the previous heating season. The contracts were executed by 61 buyers and 102 sellers from Lithuania and Latvia. The total
2018
04/19
First Long-term Contracts for Summer Season on the Biomass Exchange In March, the first long-term contracts for the supply in the summer season were concluded on BALTPOOL Biomass Exchange. During the whole trading period of long-term contracts for the supply in the summer season, buyers purchased 27 522 toe of biomass under long-term contracts. The largest part of purchased biomass was acquired by Šiauliai and Panevėžys counties. Last year during the same period, buyers had purchased 49% more biomass (41 106 toe)
2018
04/13
Forty-three auctions for concluding of short-term contracts for purchase and sale of timber took place at the ETTS in March 2018. The regional offices of the State Forestry Enterprise sold 19 thousand m3 of timber at the auctions. The total value of the contracts amounted to 937.18 thousand euro. The highest demand was for timber, its trade amounted to 8.4 thousand m3, the trade in firewood amounted to 5.4 thousand m3, and the trade in wood panels and pulpwood exceeded
2018
03/21
The wholesale trade in timber from state-owned forests in the Electronic Timber Trading System (ETTS) was launched at the end of February. Four auctions for short-term contracts took place during the month. The contracts were concluded by 7 sellers and 17 buyers. The regional offices of the State Forestry Enterprise sold 4,695 m3 of timber at the auctions. The total value of the contracts amounted to 179,6 thousand EUR. The highest demand was for timber and pulpwood, their trade amounted
2018
03/21
First Contracts between Latvian Participants on the Biomass Exchange In February 2018, the first contracts between Latvian participants were concluded on BALTPOOL Biomass Exchange. Under one-week contracts, the buyer from the Latvian Kurzeme region will be supplied by 5 Latvian sellers at the weighted average price of 206.83 EUR/toe. The contract’s value is EUR 7,446. The results of this year’s trade on the Exchange show that Latvian sellers tend to become more active in the Exchange. In February, their trade
2018
03/19
Starting from 19 March, to ensure the transparent and competitive trade, BALTPOOL, the Energy Exchange operator belonging to the EPSO-G group, will publish the BALTPOOL WOOD CHIPS SPOT LITHUANIA (BWCS Lithuania) price index. The purpose of the BWCS Lithuania index is to enable market participants to easily evaluate the current situation in the biomass market and biomass price changes and trends. The index will become a convenient tool suitable for a variety of purposes, including bilateral contract pricing, company internal
2018
02/23
The Year Started with a Record Trade at the Exchange The Biomass Exchange started 2018 with doubled trade volumes: 39,857 toe of biomass was purchased in January, which is 1.9 times more compared with December, when 21,074 toe of biomass was purchased. Biomass was purchased by concluding 909 contracts – this is the highest number per month from the beginning of the Exchange operation. The financial value of the contracts amounted to EUR 8.7 million. So far, the highest trade
2018
02/06
On 6 February 2018, the Lithuanian biomass exchange BALTPOOL in cooperation with partners launched the biomass exchange BiomassPool ApS in the Kingdom of Denmark. It is the first biomass exchange in this country. “One of BALTPOOL’s strategic objectives is to expand its operations in other countries while relying on our knowledge and expertise. The demand for biomass in Denmark is rapidly growing and a large share of biomass is acquired under international transactions, which means that this country offers us