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Market Update

Waste Fuel Market Update: April 2021

EnMass Energy Commodity Market Update

Waste Market News

 

US > Wood Waste

  • Rates: Increase
  • Supply: Decrease
  • Demand: Steady
  • Notes: Overall, the prices increased in the last months, as steady demand together with constrained supply due to wet conditions drove the prices upward. These changes are in line with seasonal trends when looking at 2019 and 2020.

US > Plastic Waste

  • Rates: Steady
  • Supply: Decrease
  • Demand: Increase
  • Notes: The prices for both polyethylene and polypropylene maintain a steady level at elevated levels due to the production shortages. The large gap between spot and contracts is expected to shrink as additional increases are implemented and spot premiums erode as more normal resin production resumes. There is still a very deep supply deficit with little room for error, so any additional production disruptions could tighten conditions significantly. 

US > Food Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Steady
  • Notes: As the production price index for most foods except milk, fruit and vegetables continues to increase, so does the food waste price. It is expected that this trend will hold on due to food scarcity and production is lower than demand. 

US > Livestock Waste

  • Rates: Increase
  • Supply: Decrease
  • Demand: Increase
  • Notes: After a peak in March, the price for livestock waste has begun to lower again from an index of 596 on March 26th, 2021 to 560 on April 23rd, 2021. The trend of a decrease in price is expected to hold on in line with last year’s numbers and the seasonal trends. 

US > Crop and Harvest Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Steady 
  • Notes: A positive change for commodity prices this month. At the close of the market on the 26th of April, the May corn futures hit its daily limit high of 25¢ higher at $6.80½. Soybean futures finished 23¾¢ higher at $15.39½ and this trend can be seen with most commodities. Demand is expected to keep steady with rates continuing to increase. 

US > Tire Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Steady
  • Notes: In the entire US the ferrous scrap prices have increased. From March on the price has slowly increased which indicates that the demand keeps steady as does the supply. 

 

Finished Fuel Market News

 

US > Wood Biomass Fuels

  • Rates: Increase
  • Supply: Steady
  • Demand: Increase
  • Notes: Biofuel like other fuels are expected to surge in price this summer due to the Covid-19 vaccinations. Whereas the price kept lowering throughout 2020, we now see a continued steady increase throughout the year according to the EIA. 

US > Liquid Biofuels

  • Rates: Increase
  • Supply: Steady
  • Demand: Increase
  • Notes: For the 2021 summer driving season (April–September), the U.S. Energy Information Administration (EIA) forecasts U.S. regular gasoline retail prices will average $2.78 per gallon (gal), up from an average of $2.07/gal last summer. Brent crude oil spot prices averaged $65 per barrel (b) in March, up $3/b from February and up $33/b from March 2020, the onset of the COVID-19 pandemic in the United States.

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