Arbitrage Opportunities Persist into US Renewables Market

Arbitrage Opportunities Persist into US Renewables Market

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The Australian market was flat with last week’s report, but there are indications starting to come in of lower prices for both domestic and export tied to shipping delays into Singapore. Sources have indicated that some push back on material has boosted supply in the market, and prices are starting to come under pressure. Indications were as low as US$1100/mt for max 4% BFT, but those values could not be verified by the time of publication. Cattle slaughter remains strong in Australia with the MLA estimating last week’s national slaughter at 120,351 head. New Zealand prices moved lower this week on pressure from nearby oversupply tied to shipping issues, and there were suggestions that a trend of lower prices may continue for the short term.

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10.30.2024

P66’s renewable segment reports Q3 earnings loss of $116 million

P66’s renewable segment reports Q3 earnings loss of $116 million

On Tuesday October 29, Phillips 66 (P66) reported a third-quarter pre-tax loss of $116 million for its renewable fuels segment. The loss compares unfavorably to the $22 million profit...

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US technical tallow, CWG prices decline; DCO production reaches two-month high

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