China’s biofuel market was subdued in October: FOB prices for HVO, SAF and UCOME fell, and producers reduced UCO purchases as export orders from Europe and the United States remained weak. September UCO exports fell 23.41% month over month to 259,010 tonnes, while UCOME and HVO exports also declined; several processors stopped buying feedstock.
Weaker end-product demand and fewer export orders reduce demand for used cooking oil and related feedstocks, putting pressure on their prices. The report does not establish a clear price effect for any listed commodity.
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.