Take Your Trading To The Next Level. Get Started Here!

China UCOME prices reach five-month high amid rising feedstock costs, demand

March 15, 2024 Comments Off

Chinese used cooking oil methyl ester prices reached a five-month high March 14 due to rising feedstock used cooking oil costs while demand has strengthened on seasonality and potential antidumping duties. Platts assessed UCOME at $1,050/mt FOB China on March 14, up 14.43% from $935/mt on Jan. 25, according to S&P Global Commodity Insights data. The recent uptick in Chinese…