UCO Market Trades Higher

UCO Market Trades Higher

Used cooking oil prices moved higher in the US interior today on strong demand and continued improvement in rail logistics. The Eastern market is supported by higher prices into the Gulf as well as higher prices into the UK and EU markets. Prices into Rotterdam were indicated at $1200, which is still well below Gulf values, but increases in energy prices have pushed UCOME values higher over the last two weeks. Buyers have been willing to pay higher prices in the EU and UK and bids in the interior EU market of €1150, or US$1325 have gone untraded. Power curtailments in China, COVID disruptions throughout Asia and continued high freight rates are expected to limit UCO availability out of Asia into the EU, which is supportive of…

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