European used cooking oil (UCO) demand increased a bit during the week to Thursday September 26, while buying interest for Category 3 animal fats remained slow, sources told Fastmarkets.
“It seems to me that some [processing] plants are out of stock on UCO,” a Europe-based source said.
Trades for UCO were reported at €960 ($1,074) per tonne DDP North-West Europe (NWE) and at €910 per tonne ex-works NWE, with sources saying that ex-works prices climbed to €950-960 per tonne on Thursday, while no trades were confirmed at those levels.
UCO prices from China declined a little, with discussions heard at $850 per tonne FOB China versus $800 per tonne for premium-quality, Renewable Energy Directive (RED)-compliant UCO with loading in October-November.
In terms of freight, sources indicated $140-150 per tonne for bulk vessels and $200-220 per tonne for container-sized shipments.
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