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Market Update

Waste Fuel Market Update: February 2021

EnMass Energy Commodity Market Update

Waste Market News

 

US > Wood Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Increase
  • Notes: This month, conditions continued to improve for wood and pulp producers. However, the economy continued to encounter disruptions caused by the COVID-19 pandemic. Lumber prices eased downward from record highs set last quarter, down 22% but up 99% Y/Y. Hardwood lumber prices also increased, up 11%. Winter logging conditions constrained supply and together with steady demand drove prices upward. These trends will have a positive impact on the rates of wood waste, pulp, and residues.

US > Plastic Waste

  • Rates: Increase
  • Supply: Decrease
  • Demand: Steady
  • Notes: With PP demand outstripping supply, spot prices shot up well beyond the change in PGP monomer costs, inspiring producers to nominate a series of margin enhancing price increases, some of which have already been successful, including $.03/lb in Oct./Nov and $.04/lb in Dec. We expect plastic prices to increase steadily as the secondary plastics market heats up due to increased competition and stable supply.

US > Food Waste

  • Rates: Increase
  • Supply: Increase
  • Demand: Decrease
  • Notes: Food production and food waste were high in January, however, now that the holidays are over it was lower than in previous months. The supply still increased, but so did the rates.

US > Livestock Waste

  • Rates: Increase
  • Supply: Decrease
  • Demand: Increased
  • Notes: General fertilizer costs rose by 8.6% since last 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 5%. Overall supply and demand are still steady.

US > Tire Waste

  • Rates: Increase
  • Supply: Steady
  • Demand: Steady
  • Notes: The US scrap tire waste price index has experienced a 21% increase since last month. Throughout the month, the supply and demand have stayed steady.

 

Finished Fuel Market News

 

US > Wood Biomass Fuels

  • Rates: Increase
  • Supply: Increase
  • Demand: Increase
  • Notes: In October 2020, the monthly respondents purchased 1.55 million tons of raw biomass feedstock, produced 0.85 million tons of densified biomass fuel, and sold 0.80 million tons of densified biomass fuel. Domestic sales of densified biomass fuel in October 2020 were 0.23 million tons and averaged $176.43 per ton. Exports in October 2020 were 0.57 million tons and averaged $166.42 per ton.

US > Liquid Biofuels

  • Rates: Increase
  • Supply: Decrease
  • Demand: Steady
  • Notes: The liquid biofuels market is, regardless of the global pandemic, booming globally. The production of crude oils and other liquid fuels has shown a slight increase over the last month. The price, however, continues to slowly decrease.

 

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