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.
The bottom side of the EU market appears to be coming up as the €1,28 trades have been absent for a few weeks. Sources trading in the EU market have commented that values are definitely stronger, but values are rising slowly. Trades this week were reported in a tighter range, €1,47 – 1,60.
North American action was seen this week at $1.40 for a container load. Spot availability in the North American market remains very tight with the…