Platts launches South, East China UCO assessments July 1

Platts, part of S&P Global Commodity Insights, has launched two daily price assessments and their related weekly and monthly averages for South China and East China domestic used cooking oil, effective July 1.

Following the launch of Platts North China UCO daily assessment on Oct. 1, 2024, Platts has received market feedback on the additional need for price assessments for UCO delivered in South China and East China.

The new South China and East China UCO assessments reflect an acid value less than or equal to 15 mg KOH/g, with a maximum of 7% free fatty acids (FFA) and a maximum of 2% moisture, impurities and unsaponifiable (MIU).

The assessments reflect 500-1,000 mt. Other volumes may be considered and normalized back to the assessed volume range.

The South China domestic assessment reflects UCO delivered one to seven days forward from the date of publication on a delivered at place (DAP) basis at Nansha port. Other ports in South China, including the ports of Dongguan and Fangchenggang, will be considered but may be normalized back to the basis location.

The East China domestic assessment reflects UCO delivered one to seven days forward from the date of publication on a DAP basis at Nantong port. Other ports in East China, including the ports of Lianyungang, Taizhou and Wenzhou, will be considered but may be normalized back to the basis location.

The South and East China assessments reflect the products inclusive of 13% value-added tax (VAT), and where prepayment is made through telegraphic transfer or cash before the transfer of the products.

The UCO DAP Nansha port, South China and UCO DAP Nantong port, East China assessments are published on an outright basis in Chinese yuan and converted into US dollars per metric ton using the relevant US dollar/Chinese yuan exchange rate (AAWFW00).

The assessments reflect a 1630 Penang time stamp and follow the Penang publishing calendar on a daily basis.

The relevant Platts symbols are as follows:

Platts announced the launch of the new assessments on June 6 in a subscriber note available here.

The assessments are published on Platts Biofuels Alert pages PBF 2310, 2311 and 2312, in daily Platts Biofuelscan and Weekly Biomass-Based Diesel Report.

Please submit any further comments, feedback or questions to MRTS_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

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