Proposal to amend palm stearin, RBD, fob US Gulf price assessment methodology

This price assessment will be amended to AG-PLM-0007 Palm stearin, RBD ex-tank US Gulf cts/lb on the proposed date, subject to feedback.

Fastmarkets understands that this market is negotiated on an ex-tank basis in the US.

A decision notice will be published, pursuant to a 20-day consultation period, on Wednesday August 12, with the change taking effect on August 19.

The existing methodology for the price assessment in question is as follows:

AG-PLM-0007 Palm stearin, RBD, fob US Gulf, $/tonne

Quality: Max. 0.2% Free Fatty Acid (FFA) content (as palmitic) Max 0.15% Moisture and Impurities (M&I) Iodine value max 48 Melting point min. 44°C Colour max 3 Red Quantity: Min. 500 mt. Other sizes may be considered for inclusion in the assessment but normalized to reference volume
Location: Port of New Orleans (NOLA) and Port of Houston
Timing: Within 1-30 days of assessment. For example, on September 1st, Fastmarkets’ M1 assessment represents the full month of September. On September 15th, Fastmarkets’ M1 assessment represents the remaining days in September through  October 14th.
Unit: USD $/tonne
Publication: Daily, timestamped 4pm NY time

It will appear as follows, effective August 19, pending feedback:

AG-PLM-0007 Palm stearin, RBD, ex-tank US Gulf, $/tonne

Quality: Max. 0.2% Free Fatty Acid (FFA) content (as palmitic) Max 0.15% Moisture and Impurities (M&I) Iodine value max 48 Melting point min. 44°C Colour max 3 Red Quantity: Min. 500 mt. Other sizes may be considered for inclusion in the assessment but normalized to reference volume
Location: Port of New Orleans (NOLA) and Port of Houston
Timing: Within 1-30 days of assessment. For example, on September 1st, Fastmarkets’ M1 assessment represents the full month of September. On September 15th, Fastmarkets’ M1 assessment represents the remaining days in September through  October 14th.
Unit: USD Cents per lb
Publication: Daily, timestamped 4pm NY time

This price forms part of the Fastmarkets fats and oils package.

To provide feedback on this proposal, please contact pricing@fastmarkets.com and fats_oils@fastmarkets.com. Please add the subject heading: “re: Update to palm stearin, RBD, fob US Gulf.” 

Please indicate if 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 the Fastmarkets methodology page.