05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Trading was limited to the EU market this week, four containers were reported at €1,21. Sources continue to report very strong demand for spot material. Sources have unanimously agreed that the market is headed higher, the degree of the rate increase is the only thing debated.
Figure 1.
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