Waste-Based Biofuels Ascend Globally, While Indonesia's $17B Graft Case Casts Long Shadow
Europe’s biodiesel market remains shaped by deepening gasoil backwardation, with the Aug/Dec ICE gasoil spread climbing to $53/mt. In the ARAG physical market, FAME 0 advanced to $1,332/mt while RME held a slim $16/mt premium. UCOME was conspicuously absent from trade today, potentially signaling hesitation on current price levels. BOGO fell over 2% to +476, not due to biodiesel weakness, but because of another sharp spike in gasoil, which rose +2.86% on the day and +21.29% over the last three months amid escalating geopolitical tensions.
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