Europe’s Paper Frenzy Meets Waste Oil Uncertainty
Late in week 40, European biodiesel markets saw an explosion of paper trading with close to 200,000 tons exchanged across UCOME and FAME 0 contracts, highlighting renewed positioning before October ICE gasoil expiry. Monday’s ARAG window remained active with flat prices easing in line with gasoil. RME traded at $1,425/mt while UCOME cleared at $1,478/mt, keeping the UCOME/RME premium near $53/mt. The UCOME/FAME 0 spread widened further to $138/mt as physical interest in waste-based grades continues to run strong.
Want to read more?
Subscribe to globalbiodiesel.com to keep reading this exclusive post.
