Market Drift or Structural Shift? Pressure Mounts Across the Biofuels Complex
ICE gasoil futures have broken sharply lower, slipping by 4%—a full standard deviation—on the back of mounting bearish sentiment in broader energy markets. This has spilled into biodiesel benchmarks in the ARA region, where spot values declined nearly $30/t. Rapeseed methyl ester (RME) dropped on the day, but its FOB ARAG premium remains elevated at +$660/t with a flat price (fp) of $1,238/t. FAME 0°C (F0) is trading in similar fashion, with a +$645/t premium over ICE gasoil and a flat price of $1,224/t.
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