05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Feedstocks prices had mixed direction in price movements during the week, with animal fats trading higher and Chinese used cooking oil (UCO) offers moving down a touch, despite a price correction in biofuels.
Sources reported trades for UCO at $1,015 per tonne CIF Amsterdam, Rotterdam, Antwerp, Ghent (ARAG), up by around $15-20 per tonne from last week’s trading levels, while selling interest for European material softened a touch to €1,020-1,030 per tonne EXW North-West Europe.
The FOB China market moved in a downtrend, with offers reported in the range of $860-880 per tonne, down from last week’s $900-910 per tonne levels, while buyers targeted $860 per tonne for bulk shipments.
In vegetable oils, both rapeseed oil (RSO) and crude palm oil (CPO) moved in the downtrend this week, pressured by weak futures.
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