North China UCO flips back to premium to FOB Straits

North China used cooking oil prices have flipped back to a premium to UCO FOB Malacca Straits for the first time in over a month, with Chinese buyers’ procurement ahead of the Lunar New Year holidays driving a strong rebound in prices over recent trading sessions. At the same time, Straits UCO market sellers have been adjusting offers down amid a strengthening of the Malaysia ringgit against theNorth China used cooking oil prices have flipped back to a premium to UCO FOB Malacca Straits for the first time in over a month, with Chinese buyers’ procurement ahead of the Lunar New Year holidays driving a strong rebound in prices over recent trading sessions. At the same time, Straits UCO market sellers have been adjusting offers down amid a strengthening of the Malaysia ringgit against theRead More