London — S&P Global Platts launched the Sunflower Oil FOB Black Sea Ukraine daily spot physical assessment assessment Monday, assessing January-loading at $637/mt.
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The new sunoil assessment will reflect daily traded or tradeable value for 3,000 mt +/-10% operational tolerance, priced in US dollars basis FOB Chornomorsk port.
Other locations, currency and cargo sizes between 1,000 to 3,000 mt may be considered but will be normalized back to Chornomorsk port.
Buyers' interest in securing cargoes for January-loading remains high, but many sellers continue to offer a limited number of cargoes on the market to tighten supply flows amid high stocks.
This trend could change, however, should the US Department of Agriculture's oilseeds report Tuesday proves bearish.
Regardless, market participants expect thin liquidity in the run-up to the new year.
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