The RFS Island: D4 Near 2.00, Paranaguá FOB Soyoil –2000
ICE gasoil structure continues to define the market. May Dec remains above +340 with prints near +350, while Singapore 10ppm diesel holds around $185/bbl. WTI has softened toward $93 and Brent near $104, but the divergence remains clear. The constraint is not crude. It is clean products. With backwardation at these levels, prompt barrels remain scarce and biodiesel pricing continues to be anchored by distillate tightness.
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