Used cooking oil (UCO) traded higher into the Gulf today for the forward market. Prices into the EU and UK remain under pressure, which has sent the Atlantic Seaboard market sharply lower over the last two months. Sources in the EU have indicated slower fuel demand and heavier UCOME supplies, which have weighed on the renewables market. within the UK and Europe. With a ten cent spread between the low and high of the Atlantic Seaboard and the Gulf forward markets, buyers in the European markets are going to have to pay higher prices or lose out to US demand. Sources have also indicated that UCO is starting to ship into the US out of the Asian markets. Trading into Malaysia was last indicated at $1150 CIF, (52.16 cent per pound) which creates an arbitrage opportunity into the US, even with high shipping rates out of the Asia.

Yellow grease and used cooking oil prices were higher out of California today for the sport market. KS/TX trading was higher as well. Wide spreads…