Agriculture, Biofuels
May 08, 2026
Platts to launch Premium UCO, FOB China and DAP East China assessments, July 1
Platts, part of S&P Global Energy, will launch daily assessments for Premium UCO FOB China and Premium UCO DAP East China, effective July 1, 2026.
Platts has observed growing interest for increased clarity around Premium UCO FOB China and Premium UCO DAP East China market prices.
The decision follows a proposal published on Apr. 20, available here. While these assessments were initially proposed to be launched on June 15, the launch will now be on July 1 due to internal constraints.
The Premium UCO FOB China assessment will reflect loading from Nantong Port on an FOB basis, loading 20-40 days forward. Other ports in China may be taken into consideration and normalized back to the basis locations.
The Premium UCO DAP East China assessment will reflect UCO delivered one to seven days forward from the date of publication, on a delivered at place (DAP) basis Nantong Port. Other ports in East China, including the Port of Lianyungang, may be taken into consideration and normalized back to the basis location.
The Premium UCO FOB China and Premium UCO DAP East China assessments will have the following specifications:
| Specifications | Premium UCO FOB China | Premium UCO DAP East China |
| Volume | 2,500-5,000 mt | 500-2,000mt |
| Timing | Loading 20-40 days forward | Delivered 1-7 days forward from date of publication |
| Free Fatty Acid (FFA) | Maximum 8% | Maximum 8% |
| Moisture and impurities (MIU) | Maximum 8% | Maximum 2% |
| Ester Content | Maximum 2% | Maximum 2% |
| Phosphorus content | Maximum 50ppm | Maximum 50ppm |
| Metal content |
Maximum 100ppm |
Maximum 100ppm |
| Total chloride | Maximum 50ppm | Maximum 50ppm |
| Nitrogen content | Maximum 200ppm | Maximum 200ppm |
| Polyethylene content | Maximum 50ppm | Maximum 50ppm |
| Triglyceride content | Minimum 80% | Minimum 80% |
The assessments will reflect UCO that adheres to the ISCC certification scheme, in compliance with the EU's Renewable Energy Directive or RED requirements.
The Premium UCO FOB China assessment will be published in US dollar/mt, while the Premium UCO DAP East China assessment will be published on an outright basis in Chinese Yuan and converted into US dollars per metric ton using the Platts published US dollar/Chinese Yuan exchange rate (AAWFW00).
The Premium UCO FOB China assessment will reflect a 4:30 pm Singapore time market close and will follow the Singapore publishing schedule, while the Premium UCO DAP East China will reflect a 4:30 pm Penang time market close and will follow the Penang publishing schedule.
The assessments will be published on fixed pages PBF 2310, 2311 and 2312 of Platts Biofuels Alert, in daily Platts Biofuelscan, Weekly Biomass-Based Diesel Report and in the Platts database.
Platts invites feedback, comments and questions on this proposal 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 comments not marked as confidential available upon request.