18 July 2013 16:55 [Source: ICIS news]
According to ICIS data, premiums have decreased by $25-65/tonne (€19-49/tonne) from last week.
“Demand is low – most people have covered their needs with used cooking oil methyl ester [UCOME],” the source said.
UCOME counts double towards European blending quotas, meaning buyers can purchase less UCOME but still reach European targets.
“The bean oil versus gasoil spread has also dropped off a lot and is bringing prompt values down,” the source added.
($1 = €0.76)
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