The US animal fats markets had a quiet start on Monday December 16, with little change observed, except in the Gulf used cooking oil (UCO) market, which continued its upward trend.
UCO railcars traded higher at 47 cents per lb, delivered to the Gulf Coast, for January shipment. However, trade outside the Gulf region was limited.
In the European market, trading for UCO was slow, but some trades for imported cargoes were reported late last week.
ISCC-certified UCO traded at $1,070-1,080 per tonne CIF Amsterdam, Rotterdam, Antwerp (ARA) for delivery in the first quarter, representing the top end of the ARA market. Bulk trading was quiet, with lower values reported for flexi-tank shipments.
Additionally, a cargo of soap stock contaminated with sulfur traded at €580 ($609) per tonne CIF ARA.
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