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EU releases Countervailing duties Vs China Biodiesel and HVO imports...corrected
EU finally announced the duties on Biodiesel imports from China which originally focuses on UCOME imports for which they started an...
Henri Bardon
Jul 19, 20242 min read
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backwardation collapses in gasoil and Biodiesel in NWE
Demand chills as Europe faces holidays doldrums Jul/Sep backwardation is down to -1.25 and probably not done yet. Even Jul/Dec gasoil...
Henri Bardon
Jul 7, 20241 min read
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Bean oil pops higher on China Indo Palm tariff speculation
Almost one standard deviation move higher on futures up to 48.75 but settling at 48.60 - this is nearly up $66/mt. Expected retaliation...
Henri Bardon
Jul 4, 20241 min read
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US crushers continue to panic at UCO arrivals from China
China exports of UCO to all destinations from Jan-May increased by +85% Vs 2023 driven mostly by subsidy rich US Renewable demand. ...
Henri Bardon
Jul 1, 20241 min read
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Diesel rally +$80/mt this month to nearly $800/mt
Backwardation of ICE gasoil Jul/Sep is now attempting to break +$5/mt while Sep/Dec has also rallied to +12.50/mt. Screen diesel (HO) is...
Henri Bardon
Jun 27, 20241 min read
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US Biomass Diesel up 30% in first 5 months of 2024
EPA, we have a serious issue that also begs question on how RINs have not fallen further to curtail production considering the increasing...
Henri Bardon
Jun 25, 20241 min read
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Biodiesel gross screen margin keeps rising +52% in last 3 months
Steady rise in heating oil/Gasoil and a drop in vegetable oil prices have boosted gross margin in both US and EU on Biodiesel. The...
Henri Bardon
Jun 24, 20241 min read
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Gasoil rally weakens BOGO further down -37% in last 3 months
Gasoil has rallied flat price nearly $85/mt since Jun6 with backwardation of Jul/dec rallying to +$19 (remind you we were at -$4 on Jun3)....
Henri Bardon
Jun 19, 20241 min read
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US accelerates global Renewable Diesel feedstock imports
Pace of US imports of alternative waste oils for Renewable diesel is accelerating with Brazilian tallow now joining the ranks of Used...
Henri Bardon
Jun 18, 20241 min read
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D4 RINs pricing lag despite overproduction of Biodiesel/RD
Clearly when one looks at LCFS credits, BOGO and BOHO who are all down nearly 35% since Jan2, you can only wonder why are the RINs not...
Henri Bardon
Jun 13, 20241 min read
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Biodiesel/RD margins remains strong +35% in last 3 months
Screen crush in Bio remains very healthy while USDA report did not indicate anything dire on the supply front. Soybean crops and stocks...
Henri Bardon
Jun 12, 20241 min read
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Soybean oil still trading well below 20 day wdma just like Diesel
Despite much stronger premiums for FOB paranagua Soyoil, we are treading water on soyoil futures. Some of this can be explained by the...
Henri Bardon
Jun 11, 20241 min read
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US Biodiesel imports from Jan to April rise +53% Vs last year
USDA showed that the US imported 208Kt last Apr mostly from Germany and Spain as main suppliers bringing overall imports for first 4...
Henri Bardon
Jun 6, 20241 min read
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Gasoil structure weakness weighing on Biodiesel markets
Jun/Dec gasoil structure is down 84% in last 3 months while flat price is down nearly 10%. Biodiesel flat price for FAME is now $1253/mt...
Henri Bardon
Jun 4, 20242 min read
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Jump of +26.5% y-o-y in feedstock usage in US for Biodiesel/Renewable diesel indicates continuing high production levels under RFS
The overall increase in feedstock usage hides the continued decline of Soyoil in the mix to tallow and Corn oil while Canola oil and...
Henri Bardon
Jun 3, 20241 min read
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Chinese SAF exports to UK surprise markets
in a market dominated by big players like NESTE, it would appear the Chinese exporters of SAF are making a name for themselves...
Henri Bardon
May 30, 20241 min read
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Gasoil weakness continues while biodiesel margins still well supported on both sides of the Atlantic
Gross margin on Biodiesel is still well supported in NorthWestEurope on FAME0 is at $255/mt while on RME it is $160/mt. Soyoil being the...
Henri Bardon
May 29, 20241 min read
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How Will the Resumption of ULSD Contango to Sep Impact Biodiesel Premiums?
Contango to Sep (driving season) is now back to -$6/mt while Sep/Dec is backwarded by $8.25/mt which is a rather complex structure to...
Henri Bardon
May 21, 20241 min read
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BOGO bounces back $50/mt after surprising NOPA crush numbers
Crush numbers in the United States for April were disappointing coming in much lower than trade guesses at 166 Mil Bushels (a 3 year low)...
Henri Bardon
May 20, 20241 min read
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UCO exports from Asia on pace to reach 2.8 Mil Metric Tons/year
Interestingly to note that Q1 2024 exports of Used Cooking Oil from Asia reached nearly 700K Metric Tons in Q1 with US taking an...
Henri Bardon
May 15, 20241 min read
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