BOPO Breaks Below $100: Soyoil Weakness Reshapes Market Dynamics
Biodiesel markets in Europe lit up today, with physical premiums in the ARA barge market climbing decisively. FAME 0 (F0) traded as high as $1,327/mt, RME reached $1,350/mt, and UCOME touched $1,391/mt—compressing the UCOME-to-F0 spread to just $64/mt. This tight range highlights either healthy availability of waste-based product or a pricing environment that no longer rewards higher GHG-saving fuels at the same premium. BOGO narrowed to +409, continuing its downward trend. In the background, rapeseed oil retains a solid €60/mt discount for August/September over soyoil, supported by favorable growing conditions across Europe, as confirmed by UFOP’s latest crop report.
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