Agriculture, Biofuel
January 16, 2026
Platts to update UCO China domestic assessments specifications, effective Feb 16
Platts, part of S&P Global Energy, will update the payment terms of its Used Cooking Oil (UCO) China domestic assessments, effective Feb. 16, 2026.
The decision follows the observation that biodiesel plants in these regions typically adhere to a credit period of up to seven days after the transfer of the UCO, through telegraphic transfer or cash.
Platts currently publishes daily UCO China domestic assessments on a Delivered at Place (DAP) basis in North, East and South China regions. The North China UCO DAP assessment currently reflects cargoes with payment terms up to 14 days after the transfer of the products. The East China and South China UCO DAP assessments currently reflect cargoes with prepayment terms before the transfer of the products.
Platts will change the payment specifications of below assessments to reflect the prevailing market practice:
| Assessment | Daily Assessment Symbol | Weekly Average Symbol | Monthly Average Symbol | Current Payment Term | Updated Payment Term from Feb 16 |
| UCO DAP Tianjin Port North China CNY/ mt | BFANC00 | BFANC04 | BFANC03 | Payment terms are up to 14 days after the transfer of products | Payment terms are up to 7 days after the transfer of products |
| UCO DAP Nansha Port South China CNY/mt | BFESC00 | BFESC04 | BFESC03 | Prepayment before the transfer of products | Payment term s are up to 7 days after the transfer of products |
| UCO DAP Nantong Port East China CNY/mt | BFCEC00 | BFCEC04 | BFCEC03 | Prepayment before the transfer of products | Payment term s are up to 7 days after the transfer of products |
The payment specifications of the $/mt conversions of the above symbols will also be updated.
The other specifications of UCO China domestic assessments will remain unchanged.
Platts launched the UCO South and East China domestic assessments on July 1, 2025.
Platts launched the North China domestic UCO daily assessments Oct. 1, 2024 and updated the inc o terms and qualities on July 1, 2025.
Platts proposed the changes Jan. 2 in a subscriber note available here.
The assessments are published on Platts Biofuels Alert pages PBF 2310, 2311 and 2312, in the daily Platts Biofuelscan report, Weekly Biomass-Based Diesel Report and in the Platts price database.
The full Global Biofuels methodology & specifications guide can be found at: https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/agriculture/biofuels-methodology
Please submit any further comments, feedback or questions to platts_biofuels@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 those not marked as confidential available to the public upon request.