Policy Over Fundamentals, Tariffs Distort UCO Trade as RINs Rise Against Structural Logic
ARAG window liquidity remained thin. RME traded at 1,387 per metric ton and FAME0 at 1,337 per metric ton. UCOME did not trade. HVO Class II printed at 2,570 per metric ton, up 10 on the day, while SAF held near 2,250. The clearing interest remains concentrated in conventional grades, with waste based product largely assessed rather than actively exchanged.
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