Platts to amend volume reflected in UCO North Asia assessment

Following market feedback, S&P Global Platts will amend the size reflected in its used cooking oil North Asia assessment from a bulk volume of 3,000 mt to 10,000 mt parcels, effective Nov. 1, 2021.

Platts first proposed this change in a subscriber note published Sept. 15, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/091521-platts-proposes-volume-methodology-change-for-uco-north-asia-assessment

Platts UCO North Asia assessment, in $/mt, currently reflects 300-1,500 mt flexi bags loaded in containers. Platts has observed that UCO physical market activity has shifted from containers to bulk due to greater demand from destination markets, and the change will reflect the most relevant volume in its physical assessment.

The UCO North Asia ($/mt) assessment appears on Platts Biofuel (PBF) Alert pages 2310, 2311 and 2312, in Platts Biofuelscan, and in the Platts price database under the following codes:

Assessment Code

UCO North Asia AUCOC00

UCO North Asia MAvg AUCOC03

UCO North Asia WAvg AUCOC04

Please send further questions and feedback to asia_ags@spglobal.com and pricegroup@spglobal.com.

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