SUBSCRIBER NOTE: Platts European biodiesel rationale dated April 26, 2016

The Northwest European biodiesel rationale for Tuesday, April 26, 2016 was not published in Biofuelscan or on PBF page 1121.

The omitted rationale was as follows:

RATIONALE: The RED FAME 0 premium over ICE gasoil was assessed at $461/mt FOB ARA Tuesday, down $5/mt on the day. The premium for RED RME was assessed at $469/mt FOB ARA, down $4/mt. A trade was heard for RED FAME 0, May 3-24 loading, minimum 57% GHG savings, at $462/mt. A trade was also heard for RED RME at $470/mt, May 3-24 loading, minimum 57% GHG savings. The premium for 57% GHG savings product over 50% GHG savings product was assessed unchanged at $1/mt. The value for RED FAME 0, loading May 5, was assessed at $461/mt, $1/mt below the trade. The value for RED RME, loading May 5, was assessed at $469/mt, $1/mt below the traded level. The value for RED PME, loading May 5, was assessed at $441/mt FOB ARA, at a $20/mt discount to RED FAME 0, unchanged on the day. The structures for RED FAME 0 and RED PME were assessed in unchanged backwardations of $0.40/mt. The structure for RED RME was assessed in an unchanged backwardation of $0.45/mt.