Our Price Explained
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What are Platts Used Cooking Oil Asia Price Assessments?
Platts UCO FOB Straits and FOB North Asia assessment is based on the latest information sourced from the market up to the close of the assessment window at 16:30 Singapore time. Platts publishes three key Asia UCO prices: Used Cooking Oil (UCO) FOB Straits
Prices are assessed daily on an FOB Straits basis, with Straits being defined as Pasir Gudang and Singapore terminals, assessment is assessed in $/mt unit, and reflects loading 20-40 days forward from the date of publication. For FOB UCO Straits, the assessment reflects a quantity of 2,000 mt to 5,000 mt, normalized to 2,500 mt. The assessment reflect material with a maximum of 5% FFA , a maximum of 2% MIU, maximum 40ppm sulfur and a minimum of 50gr iodine per 100gr of used cooking oil and maximum wax content of 300 ppm. The cargoes reflect ISCC-certified and RED-compliant material.
Used Cooking Oil (UCO) FOB North Asia
FOB North Asia prices are assessed daily reflecting North China basis port FOB Tianjin assessment is assessed in $/mt unit, and reflects loading 20-40 days forward from the date of publication. FOB UCO North Asia assessment reflects a quantity of 2,000 mt to 10,000 mt, normalized to 2,500 mt. The assessment reflect material with a maximum of 7% FFA, a maximum of 2% MIU, maximum 50ppm sulfur and a minimum of 80gr iodine per 100gr of used cooking oil and wax content of maximum 300 ppm.
North China domestic Used Cooking Oil (UCO)
The new North China domestic UCO assessment reflects volumes of 500-1,000 metric tons, for product with an Acid Value less than or equal to 15 mg KOH/g, with a maximum of 2% MIU. The assessment reflects UCO loading one to seven days forward from the date of publication on an ex-works basis Tianjin and Hebei provinces in North China. Product loading from other locations in North China may be considered for the assessment, normalized back to the basis location. The assessment will be published on an outright basis in Chinese yuan per metric ton and converted into US dollars per metric ton using the relevant US dollar/Chinese yuan exchange rate (AAWFW00).
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How we Assess Used Cooking Oil Asia Price
Platts assessments are designed to reflect repeatable market value at the close of the assessment process.
Transparency underpins Platts data publishing processes. Platts publishes market information including, but not limited to, firm bids and offers, expressions of interest to trade and confirmed trades that are received from market participants throughout the day. This information is published in real-time, as it is received, on Platts information services. Platts analyzes all published information in determining its final published price assessments."