Canadian Biomass Magazine

South Korea’s pellet demand through the roof

December 3, 2014
By Amie Silverwood

Dec. 3, 2014 - Pellet shipments from Canada to Europe have declined by five per cent during the first nine months of 2014 while shipments to Europe from the U.S. South have almost doubled in the same period, according to the Wood Resource Quarterly. Pellet prices were lower in all three major markets in Europe in the third quarter compared to the same quarter a year ago with expectations for only modest prices increases in the coming months.

Dec. 3, 2014 – Pellet shipments from Canada to Europe have declined by five per cent during the first nine months of 2014 while shipments to Europe from the U.S. South have almost doubled in the same period, according to the Wood Resource Quarterly. Pellet prices were lower in all three major markets in Europe in the third quarter compared to the same quarter a year ago with expectations for only modest prices increases in the coming months. 

On the bright side, South Korea's demand for wood pellets in the first ten months of this year was five times higher than in 2013, reaching almost 1.5 million tons.
And while the Softwood Fibre Price Index (SPFI) has remained fairly steady over the past two years, fibre prices for sawmill residuals in Western U.S., Western Canada, Germany and Brazil have seen major changes.
For more information on wood fibre prices, go to www.woodprices.com.

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