Platts to expand US tallow price assessments into US Gulf Coast from June 2

Platts, part of S&P Global Commodity Insights, will launch a daily price assessment for tallow in the US Gulf Coast region, effective June 2.

The US Gulf Coast has become an increasingly important hub for both domestic trade and the imports of waste feedstocks.

As such, Platts will launch a new assessment for tallow in the US Gulf Coast area, defined as the region from the Port of Houston to the Port of New Orleans.

The assessment will reflect the manifest rail market, with a minimum volume of five rail cars delivered at place 15-45 days forward from the date of publication. It will reflect a maximum of 15% free fatty acids and a maximum of 3% moisture, impurities, and unsaponifiable.

The launch of the new assessment was first proposed in a subscriber note published April 7, available here(opens in a new tab).

The assessment will consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades, and indicative values as well as any other data deemed relevant to the assessment process.

This assessment will be published as an outright price in US cents/lb at 13:30 pm Houston time market close and will follow the Platts US publishing schedule.

Please submit any feedback, comments or questions about this proposal to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.