Used Cooking oil Biodiesel (UCOME) demand slows dramatically in Europe as strikes in France take their toll with almost 5 refineries out of 7 shutdown by labor action. Pricing for UCOME settled at $1395/MT last night in NorthWestEurope ports of ARA with NO bids. This is $162/mt less than a week ago with no trades. China suppliers were showing plenty of offers FOB China ports in the first Argus Biofuels Asia window that settled one trade at $1200/mt FOB China port. If you add freight it makes no sense and especially with no bids in Europe.
Comments