EEX registers first trade in wood pellet futures

The European Energy Exchange (EEX) registered the first trade on Industrial Wood Pellets Futures on its platform on Monday, 15 January 2018.

The trade for 10 lots in the Feb 18 delivery is equivalent to 1,000 tonnes and was brokered by Tradition on behalf of Vattenfall Energy Trading and Total Gas & Power Ltd.

The contracts complement EEX’s product portfolio of energy-related, globally traded commodities and allow market participants an effective price hedging tool with financially settled futures. Quoted in US dollars, the product offers access to a wide range of existing EEX market participants, from utilities and producers to traders.

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