Despite a decrease in biofuel prices, feedstock levels increased a touch in the week to Thursday November 21, with used cooking oil (UCO) offers up amid news of China cancelling its UCO export tax rebate, while prices for animal fats firmed as demand increased.
UCO shipped in flexi-tanks was reported trading at $965 per tonne CIF Amsterdam-Rotterdam-Antwerp (ARA) with high free fatty acid (FFA) content, while standard-quality specification traded at $1,020 per tonne CIF later in the week.
Demand for shipments in ISO-tanks was reported unchanged at $1,060-1,070 per tonne CIF ARA, while the local market in Europe was reported at up to €1,150 ($1,214) per tonne on the DDP North-West Europe (NWE) basis on the selling side, while buying interest was heard at €1,030-1,050 per tonne DDP.
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