Platts launches US tallow price assessments into US Gulf Coast, June 2

Platts, part of S&P Global Commodity Insights, has launched 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 has launched 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 reflects the manifest rail market, with a minimum volume of five rail cars delivered at place (DAP) 15-45 days forward from the date of publication. The assessment reflects a maximum of 15% free fatty acids and a maximum of 3% moisture, impurities and unsaponifiables.

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

The decision to launch the assessments was communicated May 1 in a subscriber note available here.

The assessment considers 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 is 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.