Platts launches Asia renewable diesel FOB Straits, FOB China assessments, Oct. 26

Platts, part of S&P Global Energy, has launched daily renewable diesel (RD), also known as Hydrotreated Vegetable Oil (HVO), price assessments basis FOB Straits of Malacca and FOB China, effective Oct. 26, 2026.

The launch of the new assessments follows Platts' observation of growing liquidity in RD (HVO) exports from the Straits of Malacca region and from China, driven by increased refinery capacity, demand from Europe, and policies aimed at decarbonizing road transportation.

RD FOB Straits

The Platts RD FOB Straits assessment reflect s a parcel size of 5,000-10,000 mt loading 25-45 days forward from the date of publication. Price information for cargoes outside these parameters may be considered and normalized to the assessment basis.

The assessment reflect s cargoes loading on an FOB Straits of Malacca basis from Singapore, Port Klang, and Tanjung Langsat. Cargoes loading from other Southeast Asian locations, such as Indonesia, may be considered and normalized to the basis locations.

RD FOB China

The European Commission (EC) has imposed different levels of antidumping duties (ADD) on biodiesel (FAME and RD/HVO) imports produced by different Chinese companies from February 2025. The ADDs are expressed as a percentage of the CIF Union frontier price, duty unpaid.

Data compiled by Platts indicated that about 91% of Chinese RD (HVO) exports in H1 2026 were destined for Europe, and the majority of the Chinese exports to the EU are subject to the highest, i.e., 35.6%, ADD.

No comparable ADDs apply to Chinese RD (HVO) exports to other destinations.

Given the importance of Europe as the primary destination for Chinese RD (HVO) exports, the RD (HVO) FOB China assessment establishes a consistent producer-duty basis when comparing market information, reflecting cargoes supplied by producers subject to the highest applicable European Commission ADD at the time of assessment. Pricing information associated with cargoes subject to lower or zero ADDs may be considered and normalized.

The assessment reflect s a parcel size of 3,000-10,000 mt loading 25-45 days forward from the date of publication. Price information for cargoes outside these parameters may be considered and normalized to the assessment basis.

The assessment reflect s cargoes loading on an FOB China basis from the Port of Jiaxing, Lianyungang, Zhangjiagang, or Rizhao. Cargoes loading from other Chinese ports, including Tianjin, Dongying, Shanghai, Qinzhou, and Yi ngkou, may be considered and normalized to the basis locations.

Quality Specifications

Both the FOB Straits and FOB China assessments reflect RD made from U sed C ooking O il that complies with the EU Renewable Energy Directive and achieves a minimum 85% greenhouse gas savings compared with a fossil fuel comparator of 94 g CO2 equivalent/MJ. RD made from other Annex IX B feedstocks may also be considered and normalized.

Both assessments reflect RD with a maximum cold filter plugging point of minus 10 degrees Celsius.

The new RD price assessments are published as outright prices in US dollars per metric ton, and converted into US dollars per cubic meter, with a conversion factor of 0.78 from $/mt to $/cu m.

The assessments reflect products accompanied by Proof of Sustainability ( PoS ) documentation issued under voluntary schemes approved by the EC. Market participants are expected to provide all necessary documentation for PoS within a reasonable timeframe.

Assessment process

The assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications, as well as any other data deemed relevant to the assessment process.

In the absence of spot market data, Platts may consider freight netbacks from the Platts European RD-B FOB FARAG (Flushing-Amsterdam-Rotterdam-Antwerp-Ghent) assessments (ANEWB00), the Asia neat sustainable aviation fuel FOB Straits and FOB China assessments (SFSMT00 & SFSHD00), RD feedstock costs, and other related market information.

The assessments reflect a 16:30 Singapore timestamp and follow the Singapore publishing schedule.

The assessments are published on fixed pages 1013, 2013, and 6013, Platts Biofuels Alert, Biofuelscan, Biomass-Based Diesel Report, and the Platts database.

The assessments and associated symbols are as follows:

The new assessments were first proposed in a subscriber note published Sep 7, 2026, available here: Platts proposes Asia renewable diesel FOB Straits, FOB China assessments Oct. 26

The decision to launch the assessments was communicated in a subscriber note published Sept. 23, 2026, available here: Platts to launch Asia renewable diesel FOB Straits, FOB China assessments Oct. 26

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