Pellet Continental Europe – The heating season has been good in terms of pellet demand due to the exceptionally cold winter weather. The availability of pellets has, on the other hand, been somewhat inadequate, especially in the UK market, and spot prices have reportedly moved up.
There is new capacity being added in Canada as the market newcomer La Granaudière is planning a new facility in Quebec with the start-up planned by the end of 2019. Pinnacle Renewable Holdings Inc. is aiming at converting the former particle board mill at Smithers, BC, to a wood pellet plant with the start-up already in Q3/2018.
Based on Eurostat, Hawkins Wright Forest Energy Monitor reports that the EU pellet imports increased by 5% in 2017 compared to 2016. The largest exporter of pellets within the EU was Estonia with over 1.2 Mt.
Spring has been quite cold so far in many parts of Central and Eastern Europe. The PIX Pellet Continental index for medium-scale use moved up by 1.21 euros, or by 0.56%, to 218.63 EUR/ton.