Rotterdam's B30-VLSFO biofuel bunker price fell $36/mt over the past week while conventional VLSFO rose $23/mt, narrowing the biofuel premium to $96/mt. ARA UCOME and POMEME feedstock barge prices each dropped $57/mt to $1,625/mt and $1,695/mt.
Lower biodiesel feedstock costs point to softer demand for palm and soy oil used in biofuel blending, which weighs on vegetable oil prices, while the narrower premium reduces the incentive for biofuel bunker blending.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.