RESIDENTIAL WOOD PELLETS FUTURES

Euronext Residential Wood Pellets futures

Euronext Residential Wood Pellets futures
Unit of trading

Twenty-five tonnes

Delivery period

Loading can commence on any business day from the first business day of the delivery period up to five business day before the end of the specified delivery period

Delivery months

March, June, September, December such as twelve delivery months are available for trading

Minimum price movement (tick size and value)

25 euro cents per tonne (€6.25)

Last trading day

The last business day of the month preceding the delivery month

Última actualização
Thu, 19/11/2015
Trading Hours

10:45 to 18:30 (UTC+1)

Trading platform

Universal Trading Platform

Algorithm

Central order book applies a price-time trading algorithm, with priority given to the first order at the best price.

Compensação

LCH S.A.

Expiry months

March, June, September, December such as twelve delivery months are available for trading

Origins tenderable

Any origin

Price basis

Euro and euro cents per tonne FOB barge in the ARA zone, including the port Ghent (Belgium).

Quality

Residential wood pellets produced from stem wood or chemically untreated residues from the wood processing industry, ENplus A1 certified.

Physical parameters and properties
Diameter: 6 mm ±1 mm
Length: 3.15 mm minimum, 40 mm maximum
Moisture content: 10% maximum as received
Ash content: 0.7% maximum, dry basis
Mechanical durability: 98% minimum as received
Fines (≤ 3.15 mm): basis 4%, maximum 6% as received
Net calorific value: 4.6 kWh/kg minimum as received
Bulk density: 600 kg/m3 minimum, 750 kg/m3 maximum, as received
Chemical analysis:
Additives: 2% maximum, as received
Nitrogen content: 0.3% maximum dry basis
Sulfur content: 0.04% maximum dry basis
Chlorine content: 0.02% maximum dry basis
Ash deformation temperature 1200° Celsius minimum (ash produced at 815° Celsius)

Certification
All deliveries will be accompanied with a valid ENPlus certificate and all necessary documentation to prove that the product is compliant with ENplus A1 class.
Storage
Stored in a cool, dry environment protected from moisture.
Packaging
Bulk
Wholesale Trading Facilities
Against Actuals, Exchange for Swaps
Delivery Limits
Delivery limits are set by LCH S.A. and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH S.A. notices on the website www.lch.com/risk_management/sa/risk_notices