29.
06.15
15:44

Euronext launches futures on wood pellets

The European Community Exchange Euronext will set in later this year its first futures contract with a focus on the energy sector. There would be a demand for a future as renewable energy for heating on wood pellets, as the Paris Bourse today to the press.
The contract is to be introduced in the autumn and is specified with a physical delivery, so that producers and traders in the European Union, where 80% of the world production of wood pellets takes place, to complete their price hedging transactions. This is the first futures contract of Euronext, which relates exclusively to renewable energy, says Ulrich von Fürstenberg, product manager of the Exchange.
By the very high volatility in the gas and petrol market, the Exchange promises high volatility in their wood pellets-future. This is specified according to the ENPlus A1-standard of European pellets Council and aimed at consumers of energy in residential and administrative buildings.
The physical delivery of futures contracts can take place in the ports of Amsterdam, Rotterdam, Antwerp and Gent in a barge. The euro-denominated contract covers a lot of 25 tons and has the following dates: March, June, September and December. Options on the futures of for the time being do not give.
The Euronext is known for its futures contracts on wheat and rape seed in Europe in the agricultural sector. In addition, three futures on milk products were introduced recently.

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