North American export prices are lower this week on lower replacement costs in the interior, but volume has been limited. Buyers have been able to leverage weakness in the interior US market to lower prices, but sellers are not booking material at these levels out ahead and any shipments for the second half of October or November are offered at much higher levels. The damage from Hurricane Ida restricted shipments into and out parts of the US Gulf market, which is redirecting as much as 27,500 MT of material to new locations, on a weekly basis. Prices are off by as much as $275/MT from the start of the month in the US interior. Power has been restored to large parts of Louisiana and this has helped to reopen shipping, but sources have indicated that downtime at some demand points will continue into mid to late October. 

Cat 3 and edible fat prices are higher in the EU market on tight supply but used cooking oil (UCO) prices continue to tumble. A combination of increased…