LONDON, Dec. 9, 2024 /PRNewswire/ — Fastmarkets and Intercontinental Change (ICE) are excited to announce the founding of the ICE Used Cooking Oil (UCO) Gulf (Fastmarkets) Futures contract to satisfy rising call for and take on complexity within the biofuel feedstock marketplace.
Nowadays’s founding supplies marketplace individuals with a fresh risk-management answer within the renewable power sector. It’s also a perfect selection for the ones having a look to achieve publicity to UCO worth actions with out the will for bodily supply.
Fastmarkets’ US Gulf-based UCO evaluate displays the principle marketplace patch for UCO industry, taking pictures the broadest knowledge pond important for correct marketplace pricing. This guarantees convergence between the futures worth and the spot worth at promise expiry, additional bolstering self assurance in marketplace operations.
“With the increased volumes and diversity of stakeholders in the UCO market, now is the perfect time to introduce a futures contract that can aid in effective risk management,” mentioned Przemek Koralewski, Fastmarkets’ world head of marketplace construction. “This contract will provide market participants with a sophisticated tool to manage their price exposure, ensuring stability and supporting long-term strategic planning.”
The founding of the ICE UCO futures promise is designed to assistance individuals around the biofuel provide chain, together with feedstock providers, refiners, buyers, monetary establishments and biodiesel manufacturers.
“Liquidity in ICE’s biofuel complex has been growing rapidly over the last few years,” mentioned Jeff Barbuto, world head of oil markets at ICE. “We’re excited to work with Fastmarkets to add to the momentum and further develop the UCO market.”
Ryan Same old, Fastmarkets’ regional managing essayist, added: “The ICE UCO futures contract represents a significant advancement in the biofuel feedstock market. By offering a reliable benchmark tied to our comprehensive price assessments, ICE and Fastmarkets are facilitating transparency and price discovery in the industry.”
For more info, talk over with Fastmarkets and the ICE Futures listings at Biodiesel Outright – US Gulf Coast Used Cooking Oil (Fastmarkets) Future.
E-mail [email protected] to fix with the crew and find out how Fastmarkets can help you.
ABOUT FASTMARKETS
Fastmarkets is an industry-leading PRA and knowledge supplier for the agriculture, woodland merchandise, metals and effort transition commodities’ markets. Fastmarkets serves its shoppers with commodity benchmark costs and checks, forecasts, analytics, insights, information and occasions. Its knowledge is significant for purchasers in search of to grasp and are expecting dynamic, infrequently unclear markets, enabling buying and selling and threat leadership.
Fastmarkets is a world trade with a historical past courting from 1865 and is constructed on believe and deep marketplace experience. It has greater than 650 workers unfold throughout a number of world places together with the United Kingdom, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine and Finland.
Fastmarkets is a privately held UK-registered corporate owned by way of its shareholders and Astorg, a Eu personal fairness company.
SOURCE Fastmarkets
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