Increases in Vietnam’s wood pellet spot prices accelerated during the third quarter of 2017, boosted by strengthening Japanese and South Korean utility demand, against a backdrop of tightening supply. The supply-demand balance is expected to remain tight in the final quarter of the year and beyond, with South Korea’s total wood pellet demand expected to exceed 3mn t/yr in 2018, well up from 1.72mn t in 2016, according to forecasts from market participants, Argus Media reported. Supply concerns helped to lift the fob Vietnam wood pellet price ...
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