China’s UCOME prices reach 17-month low on policy uncertainty, EU scrutiny
January 15, 2024 Comments Off
Chinese UCOME prices plummeted to 17-month lows, as the lack of clarity on government policies, surging freight costs and the ongoing EU investigations into biodiesel fraud and antidumping issues weighed on sentiment. Platts assessed UCOME FOB China at $955/mt Jan. 12, down 42.12% from $1,650/mt on Aug. 15, 2022, S&P Global Commodity Insights data showed. Platts began assessing UCOME FOB…
China’s UCOME prices reach 17-month low on policy uncertainty, EU scrutiny
Chinese UCOME prices plummeted to 17-month lows, as the lack of clarity on government policies, surging freight costs and the ongoing EU investigations into biodiesel fraud and antidumping issues weighed on sentiment. Platts assessed UCOME FOB China at $955/mt Jan. 12, down 42.12% from $1,650/mt on Aug. 15, 2022, S&P Global Commodity Insights data showed. Platts began assessing UCOME FOB…
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