2019
10/11
According to data from the Baltpool Energy Exchange, this summer the exchange participants concluded 50% more long-term transactions compared to the same period last year. The price of biomass, which accounts for 70% of the heating price in Lithuania, dropped below the 2017 price level (155.37 EUR/TOE). Statistical data from the National Energy Regulatory Council also shows that this heating season is likely to be the cheapest since 2012. “Last season, the media published numerous articles in which heat providers
2019
10/01
BALTPOOL UAB, the Biomass Exchange operator (hereinafter the “Operator”), after considering the comments and suggestions of the biomass market participants, 30 September 2019 has updated Typical Conditions of Supply of Biomass (valid from 14 October 2019 inclusive). The major changes: The permissible delivery error during the delivery week is revised, when the quantity of biomass to be delivered does not exceed 18 TOE, permissible error shall be 30% (thirty per cent) more or 15% (fifteen per cent) less (including both
2019
09/20
BALTPOOL UAB, the Biomass Exchange operator (hereinafter the “Operator”), considering the comments and suggestions of the biomass market participants and problems encountered in the previous heating season, has prepared updated Typical Conditions of Supply of Biomass. The major changes: The permissible delivery error during the delivery week is revised, when the quantity of biomass to be delivered does not exceed 18 TOE, permissible error shall be 30% (thirty per cent) more or 15% (fifteen per cent) less (including both limits)
2019
09/15
A total of 121,549 m³ of timber was sold via the ETTS by the end of August. Most of the sales (85,352 m³) accounted for the sales of the repeat auction of the 2nd half of 2019. A total of 115 auctions had been announced, and 64 of these actually took place. The auctions were attended by 95 buyers from Lithuania, Latvia and Poland. The value of the sold timber amounted to EUR 3,147,384. During the repeat auction of the
2019
09/15
Prices of woodchips in August drop to reach the 2016 prices In August, the turnover of the Baltpool Biomass Exchange decreased by 45% compared to July – from EUR 4.98 million to EUR 2.729 million. Similarly to July, the turnover dropped due to the decreased activity related to preparations for the winter season. Lithuanian heat suppliers have already secured the supply of 50.15% of the biomass required for the winter season under long-term contracts. It should also be noted that
2019
08/21
As a result of the auction of the second half of 2019, 609,979 m³ of timber was sold. This accounted for 75% of timber proposed for selling by the State Forest Directorate. 196 buyers of timber participated in the auction. Compared to the data for the first half-year auction, the prices of all assortments under the concluded transactions decreased on average by 22%. It should be noted that some timber remains unsold; consequently, after a repeat auction, the overall price
2019
08/06
On 30 July 2019, the turnover of Baltpool biomass exchange exceeded EUR 300 million starting from the date of establishment. The total amount of biomass sold at the exchange starting from the summer of 2013 is 1.92 million TOE (tonnes of oil equivalent). Over this period, 350,000 vehicles of biomass were delivered to buyers; if all these vehicles are lined up, the line length would equal the distance from Vilnius to Madrid and back. In the time period from the
2019
07/31
The turnover of BALTPOOL biomass exchange decreased by almost one third (29%) from EUR 13.02 million to EUR 9.18 million in June compared to May. This was due to the fact that most heat suppliers have already secured part of the biomass required for the heating season under long-term contracts concluded in May. Contracts concluded for the next heating season in June and earlier make up to 42 percent of the amount of biomass needed for the coming heating season. Correspondingly, sales
2019
07/29
In June, sellers offered 302 593 m3 timber on the electronic timber trading system (ETTS), or 20 percent more than in May. Short-term contracts for sales of 91 248 m3 of raw timber were concluded, which was 1.5 times more than in April (60 266 m3). Buyers purchased only 30 percent of offered production, similar to the previous months. Full review here
2019
06/26
In May, sellers offered 255 842 m3, or almost three times more of raw timber on the electronic timber trading system (ETTS) than in April. Short-term contracts for sales of 60 266 m3 of raw timber were concluded, which was 2.8 times more than in April (21 600 m2). As demand and supply were increasing, buyers purchased 24 percent of offered production in May, similar to the previous months. 39 percent of published auctions did not take place, because the
2019
06/21
Buyers already purchased 40% of biomass required for the next heating season at BALTPOOL biomass exchange. In preparation for the next heating season, heat producers have already purchased about 40% (37.9%) of biomass required for the next winter season at BALTPOOL biomass exchange. Most biomass purchased under long-term contracts was ensured by Šiauliai (74%), Klaipėda (64%), Panevėžys (60%), and Utena (51%) counties. “The trade of long-term contracts shows a record activity during the off-season in market. It’s only a middle
2019
06/21
We hereby inform that the start time of the auction of the second half of 2019 for concluding of half-year contracts has been announced in the ETTS. The start of the auction is on 18 July 2019 at 12:00. The process of the auction: Registration of sellers is going on from 1 July 2019 12:00 to 10 July 2019 23:59 The initial deposit is paid from 2 July 2019 12:00 to 11 July 2019 23:59 Registrations are verified from 2 July 2019 12:00 to 12
2019
06/13
The Lithuanian biomass market is maturing, and each winter season brings about new events and trends. This is why the Lithuanian Ministry of Energy and the Baltpool Energy Exchange, before the start of the new heating season, on 6 June, held the roundtable discussion for biomass market participants “Prepare for winter in summer: the biomass market in the forthcoming heating season.” During the event, more than 100 participants discussed the lessons learned over the past season and made forecasts for
2019
06/05
Answering the Pan-Baltic biomass market demands, BALTPOOL has presented the amendments to Non-Standard Conditions of Trade, thus allowing more flexible arrangements of biomass quantity reduction or termination of contracts (the order No. IS-190027 of 5 June 2019 issued by the CEO of BALTPOOL UAB): Contract termination by the buyer in case buyer lost a heat auction. This contract may be unilaterally terminated (or its quantity reduced proportionally) by the buyer in case a heating company in line with the results of
2019
05/30
Buyers already purchased 25% of biomass required for the winter from Baltpool biomass exchange in preparation for the next heating season. Most biomass purchased under long-term contracts was ensured by Šiauliai (70% of the amount), Klaipėda (54% of the amount), and Panevėžys (47% of the amount) counties. “The contours of biomass prices for the next heating season in biomass exchange are already visible. This year buyers were prompted to purchase about 25% of biomass required for the next winter season
2019
05/23
Please be informed that by the order No. IS-190026 of 21 May 2019 issued by the CEO of BALTPOOL UAB, the following documents enter into force from 4 June 2019 (inclusive): Revised Conditions of Trade in Biomass Products, Revised Typical Conditions of Supply of Biomass Revised Standart Provision of Contract of Purchase and Sales of Fuel BALTPOOL UAB, the operator of the biomass exchange, considering the biomass market development trends towards sustainability of biomass, as well as assessing the demand expressed
2019
05/22
The turnover of BALTPOOL biomass exchange in April was 50% greater than in March The turnover of BALTPOOL Biomass Exchange increased by 50% in April compared to March, from EUR 4.2 million to EUR 6.35 million. One of the main reasons for this increase was doubled sales of biomass under one-month contracts, from EUR 0.88 million to EUR 1.61 million, and tripled sales under three-month and half-year contracts, from EUR 0.47 million to 1.50 million. The total amount of wood chips sold in April was 46 370 TOE, i.e. 57% greater than
2019
05/08
272 thous. TOE of biomass was purchased in this heating season, which is 8% less than in the previous heating season In the 2018-2019 heating season, 8% less biomass (272 thous. TOE) was purchased due to a warmer autumn and winter, compared to the heating season of the previous year and the year before. This season, more long-term contracts were concluded. Therefore, the number of contracts decreased by 31% to 2,822 contracts. “The importance of purchase strategy was particularly underlined
2019
05/03
Please be informed that further information about the half year timber auction will be published on 20th May 2019. Timber Trading System Operator BALTPOOL UAB Tel. +370 5 2393159, +370 5 2393157
2019
05/02
Please be informed that according to the request by the timber seller - State Forest Company (VĮ Valstybinių miškų urėdija), the half year timber auction is cancelled until further notice. We will keep you informed of any further developments on the situation. Timber Trading System Operator BALTPOOL UAB Tel. +370 5 2393159, +370 5 2393157