Economy

2024-01-14 12:28:43

After experiencing major disruptions, notably due to the war in Ukraine, the pellet market seems to have stabilized for some time. While more and more French people are opting for this means of heating, its should not experience a significant decline in 2024.

Will the price of pellets fall in 2024?

According to forecasts by Eric Vial, general delegate of Propellet, the national pellet heating association, the price of wood pellets should not fall below the threshold of 300 euros per ton in 2024. Currently, the price of pellets in bulk is €449 per tonne, compared to €285 in 2019, indicates France 3. According to Neozone, the price of a 990 kg pallet was 460 euros on January 11, or €0.465/kg. The price of a tonne of bulk pellets (1,000 kg) was €449, or €0.449/kg on the same date. We are therefore very far from the prices of 2015 when a tonne of pellets was trading at 269.90 euros.

For its part, the site kelwatt.fr estimates that the price of pellets should not see a drop in 2024. This is due to several reasons, in particular the increase in the cost of production, the price of wood in the forest which has increased by 25 at 34%, in addition to sawmill electricity bills which have increased by 2 or 4. In addition, carriers have increased their rates by more than 50%. Thus, the price of the pallet, i.e. 66 bags of 15 kg, has been multiplied by 3.

According to experts, other reasons are also behind the explosion in the price of pellets since 2022, in particular the commercial hype which encourages the French to buy pellet stoves with the arguments of ecology and savings.

The law of supply and demand also plays a role in this rise in prices. In fact, demand explodes during this time of year, which causes a reduction in stocks and therefore a considerable increase in prices. In addition, for fear of running out of stock, some users do not hesitate to order quantities greater than their pellet needs. In fact, the Bois de Chauffage site attests that there were 11 times more people looking for pellets purchasing a stock above normal.

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#price #drop

2024-01-13 08:50:26

The American Civil Aviation Regulatory Agency (FAA) announced Friday that all 737 MAX 9 planes will have to remain grounded until their manufacturer Boeing provides more data on the mid-flight stall of a door of an Alaska Airlines aircraft.
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#Boeing #MAX #American #regulator #FAA #planes #ground

2024-01-12 09:40:32

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#IKEA #recalls #ÅSKSTORM #40W #USB #charger #Today #Morocco

2024-01-14 10:48:01

According to what was reported on the Saudi Gold Press website, which specializes in trading gold prices in the Kingdom, gold prices today in Saudi Arabia are witnessing slight stability compared to previous days, as prices in previous days were noticeably turbulent.

Today’s price of a gram of gold in Saudi Arabia

Today, gold in Saudi Arabia is witnessing a slight stability in the price of a gram in various karats, and this is considered very good for investors and business owners, as the price of gold recently has been remarkably high, and the gold prices according to what was published by Gold Press, which specializes in gold prices, are as follows:

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• The price of a gram of pure 24 karat gold reaches regarding 247.05 Saudi riyals, which is approximately equal to $68.55.
• The price of a gram of 22 carat gold reaches 226.46 riyals, equivalent to $60.39.
• The price of a gram of 21 karat gold reaches $216.17, or regarding $57.65.
• The price of a gram of 18 karat gold reaches regarding 185.29 riyals, which is equivalent to $49.41.
• As for one gram of 14 carat, it is equal to 144.11 riyals, which is equivalent to 38.43 dollars.

It is worth noting that the rise or fall in gold prices in the Saudi market is due to a number of factors, including:

• The rise in the price of gold in the global market.
• Increased demand rate or decreased demand rate for gold by consumers or investors.

The price of 24 karat gold bullion in Saudi Arabia

Gold bullion prices according to their sizes are as follows:

• The price of a gold bar weighing 1 gram reaches regarding 247.05 riyals, equivalent to $65.88.
• The price of a gold bar weighing 5 grams is 1,235.26 riyals, which is equivalent to $329.40.
• The price of a gold bar weighing 10 grams reaches approximately 2,470.52 Saudi riyals, or regarding 658.81 US dollars.
• As for the price of the Tola gold bullion, it is equal to 2,880.63 riyals, which is equivalent to 768.17 dollars.

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