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...
Offerings continue on the smaller side early this week with prices from steady-to-slightly higher as a few suppliers begin meeting with customers in Asia ahead of the ACLE in Shanghai, China next week. Producers are reported to be holding firm although there is some flexibility on some selections depending on positions. Limited early trading is consistent with last week’s levels including BBS at $45.
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