11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
North American prices fell this week with two loads reported at $1.03. A lack of spot trading in the North American market continues to create wild fluctuations.
EU trading was steady at €0,90 for four loads.
Sources have reported some increase in Chinese pricing over the last few months, but thus far the strength hasn’t translated into higher prices in North America or Europe, for the majority of market participants.
Table…