Demand for UCO is sustained
November 09th, 2021
UCO is well available while several biodiesel plants encounter production issues due to shortage of sodium methylate in Europe. Moreover, as winter is coming, and UCO is solidifying at +5°C, needs of UCO should decrease particularly in Northern part of Europe, and so will price. Nevertheless, current high biodiesel margins may mitigate forecasted downtrend. UCO is currently booked at around EUR 1250 – 1280 pmt DAP Europe in trucks load; approximatively in line with current UCOME price trend. All being firm yet.