Proposal to discontinue two Chinese used cooking oil price assessments

Fastmarkets proposes to discontinue its weekly price assessments for AG-UCO-0013 UCO, Chinese flexi-tank, CFR Antwerp, Rotterdam, Amsterdam, and AG-UCO-0012 UCO, Chinese bulk, CIF Antwerp, Rotterdam, Amsterdam.

The proposal is driven by the lack of price inputs and by preliminary discussions with the market.

Specifically, Fastmarkets is proposing to discontinue the following price assessments:

AG-UCO-0013: UCO, Chinese flexi-tank, CFR Antwerp, Rotterdam, Amsterdam, $ per mt
Quality: Free fatty acids (FFA) max. 5-15%, moisture, impurities and unsaponifiable matter (MIU) max 2%, Iodine value (IV) min. 80 g iodine/hg, sulfur content max 50 ppm
Quantity: 500-1,000 tonnes
Location: Antwerp, Rotterdam, Amsterdam
Timing: Weekly. Thursday, 4 pm London time
Unit: $ per tonne
Publication: Shipment within the next 45 days from the assessment day.

AG-UCO-0012: UCO, Chinese bulk, CFR Antwerp, Rotterdam, Amsterdam, $ per mt
Quality: Free fatty acids (FFA) max. 5-15%, moisture, impurities and unsaponifiable matter (MIU) max 2%, Iodine value (IV) min. 80g iodine/hg, sulfur content max 50 ppm
Quantity: 2,500-5,000 tonnes
Location: Antwerp, Rotterdam, Amsterdam
Timing: Weekly. Thursday, 4 pm London time
Unit: $ per tonne
Publication: Shipment within the next 45 days from the assessment day.

These prices are part of the Fastmarkets Agriculture package.

The consultation period for this price discontinuation begins on Wednesday June 12 and will end on Friday July 12, with changes taking place, subject to market feedback, from Wednesday July 17.

Any short-term forecasts associated with these prices produced by the Fastmarkets research team will also be discontinued.

To provide feedback on the proposal to discontinue these price assessments, or if you would like to provide price information by becoming a data submitter to these prices, please contact Veronika Prykhodko by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Veronika Prykhodko, re: Chinese UCO prices.”

Please indicate if the comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.

What to read next
The first amendment decreases the differentials’ publishing frequency to once monthly from once weekly. Both differentials will be next assessed on January 3, 2025, and on the first Friday of each month thereafter. The monthly frequency matches Fastmarkets’ low-carbon aluminium differentials in other regions and better reflects current market liquidity. No feedback was received during […]
Fastmarkets determined today that it will launch two new boxboard packaging prices focused on the marketplace in Mexico.
Fastmarkets invited feedback from the industry on the pricing methodologies for Log Lines and Woodfiber & Biomass Markets as part of its announced annual methodology review process.
Fastmarkets proposes to increase the frequency of two copper concentrates index coefficients - MB-CU-0422 copper concentrates counterparty spread and MB-CU-0423 copper concentrates Co-VIU - from a monthly basis to fortnightly.
Fastmarkets is amending its holiday pricing schedule for five Middle East-related steel and metallics prices this December.
Black Sea sunflower oil prices have dropped by at least 7% over the past month due to increased soybean oil availability, weak demand, competitive Russian pricing, and deferred EU regulations