Feedstocks prices had mixed direction in price movements during the week, with animal fats trading higher and Chinese used cooking oil (UCO) offers moving down a touch, despite a price correction in biofuels.
Sources reported trades for UCO at $1,015 per tonne CIF Amsterdam, Rotterdam, Antwerp, Ghent (ARAG), up by around $15-20 per tonne from last week’s trading levels, while selling interest for European material softened a touch to €1,020-1,030 per tonne EXW North-West Europe.
The FOB China market moved in a downtrend, with offers reported in the range of $860-880 per tonne, down from last week’s $900-910 per tonne levels, while buyers targeted $860 per tonne for bulk shipments.
In vegetable oils, both rapeseed oil (RSO) and crude palm oil (CPO) moved in the downtrend this week, pressured by weak futures.
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