Russian sawdust biofuel shipped to South Korea
[ad_1]
After the imposition of EU sanctions on Russian pellets (fuel pellets from wood waste), most of them (about 90%) are redirected to South Korea, according to data from the industry agency WhatWood. Another 10% of deliveries came from Turkey.
In the first six months of 2023, the export of pellets from Russia to South Korea amounted to more than 405,000 tons. But now in this country, WhatWood analysts explain, there is an excess of pellets and prices are falling. For example, in June 2023, the export price of Russian pellets when shipped to Korea on a CFR (“cost and freight”) basis decreased by 9.4% compared to May of this year to $115/t. In July, according to the agency, the cost dropped to about $110/t.
[ad_2]
Source link
