Fastmarkets changes Chinese UCO timestamps

Fastmarkets held an open consultation for the market to provide feedback and comments on its daily used cooking oil (UCO) prices.

With no feedback received during the consultation, Fastmarkets has updated the methodology to reflect the following:

AG-UCO-0015 Used cooking oil, flexi-tank, fob China, $/tonne
Quality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max 2%, iodine value (IV) min. 80 g iodine/hg, sulfur content max. 50 ppm
Quantity: Minimum 500 tonnes
Location: China, fob
Timing: Shipment within 45 days following date of sale
Unit: USD/tonne
Publication: Daily, 4:30pm Singapore time
 
AG-UCO-0014 Used cooking oil, bulk, fob China, $/tonne
Quality: Free fatty acids (FFA) max. 15%, moisture, impurities and unsaponifiable matter (MIU) max. 2%, iodine value (IV) min. 80 g iodine/hg, sulfur content max. 50 ppm
Quantity: Minimum 2,500 tonnes
Location: China, fob
Timing: Shipment within 45 days following date of sale
Unit: USD/tonne
Publication: Daily, 4:30pm Singapore time

Please send any questions or comments to pricing@fastmarkets.com and biofuels@fastmarkets.com with the subject heading “re: China used cooking oil prices.” 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.