Markets Test Limits as Geopolitical Volatility Reigns
The biodiesel complex faced an intense session to open the week as gasoil collapsed from an early high of $817.75/mt to $699/mt by day’s end—a nearly 8% drop. The sharp reversal caught many off guard and was reflected in BOGO, which fell 7% to +442. This kind of whiplash makes directional conviction difficult in the near term. ICE weakness, however, didn't prevent physical trades in ARAG, where UCOME barges cleared at $1,449/mt and RME at $1,452/mt, effectively narrowing the historical spread between the two. FAME 0, by contrast, appears theoretically priced at $1,409/mt, showing a near $50/mt discount to both.
Want to read more?
Subscribe to globalbiodiesel.com to keep reading this exclusive post.
