Used cooking oil (UCO) traded at €920-945 per tonne on the ex-works Netherlands basis, sources told Fastmarkets, a touch higher than trades reported in the previous week, while imported material was heard trading at $920 per tonne CIF Amsterdam-Rotterdam-Antwerp (ARA) for delivery in flexitanks and at $950 per tonne CIF for shipments in ISO tanks.
Chinese UCO trading was heard at $830 per tonne on the FOB China basis, unchanged from the previous week.
Category 3 animal fat demand remained slow in Europe for fourth-quarter deliveries, with more suppliers looking to export the material to the US market, which has been showing increased demand for 20% free fatty acid (FFA) low-metals fats recently.
“The US market is like the light at the end of the tunnel for European exporters,” a Europe-based trader told Fastmarkets.
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