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...
Price reports for Indo came in a wide range this week, anywhere from $470 – 545 CIF. The bulk of action was in the $500 – 510 range and sales further out into the future were done at the higher end of the range. Sources have reported that some buyers are still looking for August material for both MBM and FM. Trading into China was quiet this week.
Figure 1.
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