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
2018
01/25
Significant events at the Energy Exchange in 2017 The number of transactions grew by 20% (to 5,088). The trade turnover increased by 12% (to EUR 62,830,000). The price of woodchips rose by 13% (to 173.64 EUR/toe in December). The number of participants exceeded three hundred (303). The import of biomass grew by 70% (to 153,000 toe). The Exchange fees decreased by 13% (to 0.61 EUR/toe). In 2017, the participant geography of the Energy Exchange expanded to all three Baltic countries
2018
01/11
Starting from 10 January, the electronic trading system for raw timber produced in State-owned forests will be administered by BALTPOOL UAB, the energy exchange operator belonging to the State-managed EPSO-G group of companies. Prior to that, the Directorate General of State Forests under the Ministry of the Environment was responsible for the trade in State-owned timber. The purpose of the wholesale trading system for raw timber and timber harvesting residues produced in State-owned forests administered by BALTPOOL is to provide
2017
12/20
Please be informed, that trading in the Energy Exchange 52nd week of the 2017 year (25/12/2017 - 31/12/2017) will be held on the first working day of this calendar week (27/12/2017), by the Order No. IS-170052 of the Chief Executive Officer of Energy Exchange operator BALTPOOL
2017
12/14
Turnover of the biomass Exchange has decreased due changed trading strategy In November, the turnover of the BALTPOOL biomass Exchange dropped by 14% compared to October – from EUR 7.849 million to EUR 6.753 million. The weighted average prices under concluded transactions increased by 2% per month – from 176.80 EUR/toe to 180.16 EUR/toe. The prices grew by 21% compared to November 2016 (148.46 EUR/toe). The decrease in the turnover was due to the changed trading strategy in the heating
2017
11/20
On 10 November 2017, the National Commission for Energy Control and Prices approved new, 13% lower fees of BALTPOOL Energy Exchange for market participants trading in biomass. A substantial change in fees will be the application of a trade fee 0.61 Eur per toe instead of 0.7 Eur per toe, which was valid from 15 August 2016. As before, the annual membership fee will not be charged to the participants. The new fee will apply for contracts concluded on the
2017
11/20
First reserve product transactions concluded at BALTPOOL biomass Exchange The first biomass reserve product transactions were concluded at the biomass Exchange on 31 October: buyers purchased 390 toe of biomass reserve product in Žemaitija for the weighted price of 213.38 EUR/toe. Biomass reserve products constitute a method for biomass buyers to secure the availability of biomass in case deliveries are interrupted during the cold season of the year. A buyer that purchases a biomass reserve may demand at any time
2017
11/06
By Order No. IS-170045 “Regarding approval of the biomass product reference price” of Chief Executive Officer of 6 November 2017, the Operator set the following Reference price for transactions of purchase and sale of biomass reserve products concluded at the Exchange and implemented during the 2017–2018 cold season of the year for the respective biomass products traded at the exchange: Product code SM1 SM1W SM2 SM3 MG1 MG2 Reference price, EUR/toe (excl. VAT) 166.06 164.36 161.68 157.31 372.90 340.09 No
2017
10/16
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
2017
10/05
The Operator of the Energy Exchange includes a biomass reserve product for trading in the Exchange. Under Article 29 of the Law on Energy, this product can be considered the reserves of energy sources. The principles of trade in biomass reserve products have been set out in the Rules on Trade in Biomass Reserve Products approved by the Operator. The rules set out: participants will be able to conclude contracts in the Exchange, accumulate reserve stocks of wood chips and
2017
09/27
At the beginning of this year, BALTPOOL specified technical specifications of wood chips products. Major changes were done with fraction size requirements. In order to facilitate the biomass transfer process, BALTPOOL made biomass chips samples research, which would help to determine the approximate amount of small fraction in the biomass visually. If you have any comments or proposals, please, don’t hesitate to contact us
2017
09/25
Starting from 25 September, 2017 new wording of 9.7 and 9.12 paragraphs of Typical Conditions of Supply of Biomass come into force. You can get familiar with the Typical Conditions of Supply of Biomass here: Typical Conditions of Supply of Biomass
2017
09/20
A trade leap in the Biomass Exchange in the last summer month In August, as heat producers started preparations for the approaching heating season, the turnover of BALTPOOL Biomass Exchange increased 2.5 times – from EUR 2.66 million in July to EUR 6.54 million in August. Nearly 70% of transactions accounted for long-term supply for the 2017–2018 heating season. Nineteen per cent of the theoretical required amount was purchased in the Exchange for the approaching heating season by 1 September
2017
08/11
Increasing prices of biomass raw materials result in price growth in the Exchange In July, 8% less biomass was sold via the BALTPOOL Biomass Exchange compared to June, but the turnover of the Exchange only decreased by 3.3% due to the increased biomass prices. The price increase was due to the growing prices of biomass raw materials and the growing biomass prices in the markets of the neighbouring countries. Comparison of the prices of class II and III calorific category