Record-level activity was observed at BALTPOOL Biomass Exchange in September: trade turnover more than doubled compared to August and amounted to EUR 11.3 million (in August: EUR 5.5 million); the turnover of September 2015 amounted to EUR 6.9 million.

The increased volumes of trade at the biomass exchange were due to the approaching heating season: 69,400 TOE of biomass was purchased for this period – this accounted for 87.84% of all the biomass purchased in September. Buyers purchased a total of 133,000 TOE of biomass for the heating season by end of September 2016 – an increase of 34.34% compared to the same period of 2015.

Given the increased quantity of biomass purchased for the winter season, it is likely that in the winter active trade will only concern short-term contracts, which are normally aimed at satisfying additional biomass needs due to outdoor temperature fluctuations.

Despite the record-level turnover, the value of orders to buy dropped to EUR 24.5 million, while the value of orders to sell amounted to EUR 64.2 million. This shows not only the high liquidity of the biomass market but also the buyers’ ability to appropriately set prices in their orders with regard to sellers, i.e. the prices were acceptable to both parties to the contract.