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Market Update

Waste Fuel Market Update: March 2021

EnMass Energy Commodity Market Update

Waste Market News

 

US > Wood Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Increase
  • Notes: We’re seeing a high rise in the amount of lumber needed for the building of homes and other commodities, which has led to a small increase in the supply of waste wood. Additionally, in the first week of February sawmills were taking orders that would not even go on the production line until the beginning of March, which is a good indication that wood waste prices are not going down anytime soon.

US > Plastic Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Steady
  • Notes: The national average price of post-consumer polypropylene saw a major jump over the last month. The grade is now trading at 18.44 cents per pound, compared with 11.69 cents in January. The last month has been marked by value boosts for PET, HDPE and PP materials, with HDPE seeing an all-time high: 70.25 cents per pound. 

US > Food Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Decrease
  • Notes: The amount of food waste throughout the United States has leveled off. However, the demand has slowly decreased and rates continue to slowly increase. 

US > Livestock Waste

  • Rates: Increase
  • Supply: Decrease
  • Demand: Increased
  • Notes: The American Index Fertilizer rose from 417.12 in January 2021 to 538.18 this month. As predicted the trend is still going strong, and it is likely to further increase into 2021. 

US > Crop and Harvest Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Steady 
  • Notes: Commodity crop and harvest waste prices have continued to grow in line with the crop prices such as an increase in corn prices by 2% and soybeans by 1.77%. The price for Cotton has stayed stable as well as the price for rough rice. Overall supply and demand remained steady throughout the month. Additionally, US wheat is expected to benefit from Russian export taxes according to analysts

US > Tire Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Decrease
  • Notes: Revenue for the Tire and Rubber recycling industry is expected to decline as a result of Covid-19. Costs will continue to slowly increase, and a decline in government funding and demand is expected to lower even further in a direct effort towards virus mitigation. 

 

Finished Fuel Market News

 

US > Wood Biomass Fuels

  • Rates: Increase
  • Supply: Steady
  • Demand: Decrease
  • Notes: Generation from waste biomass is expected to hold steady at its 2019 level of 2.8 billion kWh in 2020 and 2021, while generation from wood biomass is expected to fall from its 2019 level of 26.8 billion kWh to 26.6 billion kWh in 2020 and 26.5 billion kWh in 2021. 

US > Liquid Biofuels

  • Rates: Increase
  • Supply: Steady
  • Demand: Decrease
  • Notes: EIA expects gasoline and diesel prices to increase as the U.S. economy recovers over the next few months. However, for now, the prices remains almost steady around $2.42 to $2.43 per gallon. Furthermore, the extreme weather conditions in Texas have disrupted the energy demand in February.

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