European Energy Exchange introduces futures on wood pellets

The European Energy Exchange (EEX) introduces futures on wood pellets. The new instrument is available for Trade Registration as of September 19, 2017.

According to the announcement, the offering includes financially-settled future contracts on industrial wood pellets. The product will be a monthly future which can be traded up to 36 consecutive months with a contract size of 100 metric tonnes. For the settlement EEX uses the Argus® Wood Pellets cif ARA index as published in “Argus Biomass Markets”.

EEX is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances and Coal as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.

Source: Woodbizforum