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.
