north america:producers bullish on curve

摘要

US producers expressed increasingly bullish sentiment over late third-quarter and fourth-quarter prices,with difficulties meeting supply contracts an ongoing problem among pellet plants.A possible US supply crunch in 2015 could carry over into 2016,especially if UK utility Drax’s latest conversion takes place in Q4 2015,some producers argued.And stron-ger than anticipated European demand for premium pellets could put further pressure on industrial buyers’ability to find sufficient pellets,they said. New tenders from South Korea close this week amid reports that Korean buyers looking for supplies attended a recent biomass conference in southwest Canada.Some market participants expected European utilities redirect-ing Canadian fob term cargoes to acquire the latest Kospo tender,which expires on 19 June.