Early February Biodiesel Scenario: Prices Appreciate 1% in the US

Biodiesel prices in the USA moved higher in early February, but the broader picture for January remained one of range-bound trading and steady sentiment. Early January saw balanced supply–demand dynamics and muted market action, while mid- to late-January activity held to a sideways, mixed **-week pattern. Meanwhile, upstream input costs for used cooking oil (UCO) showed price hikes, supporting a production costs. Overall, the market registered a modest weekly uptick at the start of February against a stable monthly base for January ****.

Demand for UCO-based biodiesel continued to be steady across core biofuels channels, supporting firm but contained spot activity. The Biodiesel UCO CFR Houston benchmark printed at $*,***/MT for January ****, reflecting the stable monthly footing for the product. Weekly snapshots through January show a gentle upward bias, per ChemAnalyst data, spot prices rose to $*,***/MT for the week ending...