Biofuel feedstocks trading increased in Europe in the week to Thursday October 24, with higher vegetable oils prices and stronger demand pushing used cooking oil (UCO) prices up, while high-grade animal fats prices also rose amid buying interest.
Sources reported UCO trading in the range of $965-1,000 per tonne CIF Amsterdam-Rotterdam-Antwerp (ARA) for container-sized volumes, while bulk shipments were heard trading at $1,040-1,120 per tonne CIF ARA.
More trades for Chinese UCO were also reported into European destinations in the range of $830-840 per tonne FOB China.
As freight rates soften, Chinese UCO becomes more attractive to European importers.
Low cargo availability and increased demand led to a slight increase in European UCO prices to around €990 per tonne on the DDP North-West Europe (NWE) basis.
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