Platts Asia UCO price assessments are based on robust and transparent market data that includes, but is not limited to, firm bids and offers, expressions of interest to trade and confirmed trades reported across the trading day.

Platts gathers price data from a wide segment of the market, including UCO producers, traders, brokers, and consumers.

Straits UCO

The Platts Straits UCO price assessment represents market data, including trades, bids and offers on a FOB Straits basis. Daily market engagement encompasses market participants in the Straits, defined as Pasir Gudang and Singapore terminals.

The Straits UCO price assessment reflects:

• A loading of 20-40 days forward from the date of publication, in USD/mt.
• Quantity specification of 2,500 mt to 5,000 mt, normalized to 2,500 mt.
• Materials with a maximum of 5% FFA, maximum of 2% MIU, maximum 40ppm sulfur, minimum of 50gr iodine per 100gr of used cooking oil and maximum wax content of 300 ppm.
• Cargoes reflecting ISCC-certified and RED-compliant materials.

The Platts Straits UCO assessment is based on the latest information sourced from the market up to the close of the assessment window at 16:30 Singapore time.

North Asia UCO

The Platts North Asia UCO price assessment represents daily market data, including trades, bids and offers reflecting North China basis port FOB Tianjin.

The North Asia UCO price assessment reflects:

• A loading of 20-40 days forward from the date of publication, in USD/mt.
• Quantity specification of 2,500 mt to 10,000 mt, normalized to 2,500 mt.
• Materials 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.
• Cargoes reflect proof of sustainability certifications in line with RED-such as ISCC.

The Platts North Asia UCO assessment is based on the latest information sourced from the market up to the close of the assessment window at 16:30 Singapore time.

China domestic UCO

The Platts China domestic UCO price assessment represents daily market data, including trades, bids and offers, on a delivered-at-place (DAP) basis in Tianjin port in North China, in Nantong port in East China, in Nansha port in South China. Other ports in the regions will also be reflected in the assessment, but they may be normalized back to the base location.

The China domestic UCO price assessment reflects:

• UCO delivering one to seven days forward from the date of publication.
• Quantity specification of 500 mt to 1,000 mt. Other volumes may be considered but would be normalized back to the assessed volume range.
• Products with an acid value less than or equal to 15 mg KOH/g, maximum of 7% free fatty acids, and a maximum of 2% moisture, impurities, and unsaponifiable (MIU).

The price assessment also reflects products inclusive of 13% value-added tax and where prepayment is made through telegraphic transfer or cash before the transfer of the products, in CNY/mt. Platts also publishes a $/mt equivalence for UCO DAP China, using a 16:30 Penang time assessed value for the CNY/USD exchange rate (AAWFW00).

The price assessments are based on the latest information sourced from the market up to the close of the assessment window at 16:30 Penang time.