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...
MBM into China moved up to a range of $500 – 510 CIF this week. Trading into Indonesia is flat in terms of the bulk of trading. Reports have been as low as $470 CIF for material out of the US and as high as $540 CIF for non-US sellers with quicker ship times. Values into the neighboring markets, i.e., Malaysia, Vietnam and Taiwan have been reported at US$405/MT CIF.
Values out of the New Zealand market are higher with China and Indonesia both…