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In the first week of October ****, the global biodiesel market exhibited a slight uptrend across most regional hubs, supported by generally stable supply-demand dynamics and stable blending activity. While fundamentals were balanced, marginal price increases occurred across Houston, Rotterdam, and Busan, demonstrating underlying strength in the biodiesel complex amid neutral **-week moving averages.
In the US market, Biodiesel UCO CFR Houston increased its price to USD *,***.** per tonne for the week ending October *, ****, up by *.*** from the price from last week**;s quote. The market fundamentals were cautious with no clear indicators that show supply, demand, or upstream cost dynamics are fluctuating. The US biodiesel market continued to operate in a balanced environment, with reasonable feedstock availability from used cooking oil (UCO) and current consumption patterns by transportation and industrial blending sectors. Overall, sentiment in the Houston market remains neutral, with traders taking...
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