이 목록에서
농산물

NWE biodiesel reaches multi-month highs after bullish EPA announcement

농산물 | 바이오 연료

Platts Biofuelscan

NWE biodiesel reaches multi-month highs after bullish EPA announcement

London — Prices for biodiesel in NWE were sent soaring Monday, after feedstock vegetable oil futures reacted strongly to Friday's Environmental Protection Agency announcement of an expanded biodiesel mandate in the US.

아직 가입하지 않으셨나요?

일일 이메일 알림과 구독자 노트를 받고 이용 경험을 내게 맞게 설정하세요.

지금 가입하세요

Outright prices for RED FAME 0 and RED RME were at five-and-a-half and four-and-a-half-month highs of $872.25/mt and $875.25/mt FOB ARA, respectively.

They were last higher on December 16 and January 15, at $873.75/mt and $883/mt FOB ARA.

Premiums over ICE gasoil for both biodiesel grades rose to their highest levels since April 2, tracking the premium for feedstock vegetable oil over gasoil futures.


RED FAME 0 and RED RME premiums gained $26.50/mt and $25.50/mt on the day to close at $282/mt and $285/mt FOB ARA.

The rise in biodiesel premiums tracked closely an increase in premiums for feedstock vegetable oils over ICE gasoil.

CBOT soybean oil and rapeseed oil FOB Dutch Mill also increased to their highest premiums over the front-month gasoil contract since March 25 and April 2, following increases of $22.24/mt to $162.69/mt and $25.08/mt to $199.05/mt, respectively.

The EPA's adjustment to the Renewable Fuel Standard, the US biofuels legislation, set out a 2015 requirement for biodiesel blending of 1.7 billion gallons, higher than market expectations.

The consequent higher demand for US soybean oil, which constitutes the vast majority of feedstock for US biodiesel production, sent global vegetable oil prices shooting upwards.

--Sean Bartlett, sean.bartlett@platts.com
--Edited by Jonathan Fox, jonathan.fox@platts.com