Trading out of the Australian market was quiet this week, but price ideas were up by US$20 for export. Trading out of NZ was reported sharply lower. 4% BFT pricing is off by as much as NZ$65 compared to last week. Sources continue to report strong headwinds into the Singapore market and reliance on sales into China, the Asian sub-continent and Africa are yielding lower prices. At NZ$710, 4% BFT has a US$ value of $515/MT. Low prices tend to cure low…
11.29.2023
Preem to Convert Lysekil Refinery to Produce SAF, Renewable Diesel
Preem, Sweden’s largest fuel company with a refining capacity of over 4.7 billion gallons of crude annually, announced plans to convert its Lysekil refinery to produce sustainable aviation fuel...
11.29.2023
DCO Production Declines for 2nd Week in a Row
*Please Note - Ryan Standard will be out of the office for the remainder of the week. He will return on Monday, December 4, 2023. In his absence, please...
11.29.2023
Heavy Nearby Supply Pressures MBM Markets Lower
Trading was again fairly quiet today, but there continue to be reports of negative pressure on ruminant and porcine meat and bone meal (MBM) markets. Sources again stated that...