Heating Oil Rally Lifts Sentiment, but Biofuel Markets Stay Cautious
The first week of November opened quietly, with physical trading in ARAG still muted. RME settled at +$724.96/mt, FAME 0 at +$616.50/mt, and UCOME at +$801.67/mt, leaving spreads at RME/FAME +$108 and UCOME/FAME +$185. HVO Class II $1,356.50/mt tracked firmer ICE gasoil $724/mt, keeping margins stable but narrow.
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