Renewable Diesel

The RD-A assessments reflect renewable diesel produced from Renewable Energy Directive Annex IX-A waste and residue feedstocks, as listed in the Netherlands Energy for Transport register. The RD prices are published as an outright price in US dollars per metric ton and US dollars per cubic meter, as well as premiums to the Platts ULSD FOB ARA barge assessment.

The RD-B assessments reflect renewable diesel produced from feedstocks in Annex IX-B of the European Renewable Energy Directive. The RD prices are published as an outright price in US dollars per metric ton and US dollars per cubic meter, as well as premiums to the Platts ULSD FOB ARA barge assessment.

• Prices remain steady on the week
• Antidumping probe tempers liquidity

European Renewable Diesel prices were steady in the week to May 16, as the market still awaited the announcement of the anti-dumping investigation.

Platts, part of S&P Commodity Insights, assessed FOB ARA RD-A premium to ULSD at $832/mt, and the FOB ARA RD-B premium at $860/mt.

"The market is flat. Everybody is waiting on the anti-dumping investigation," a trader said.

An EU anti-dumping investigation into Chinese biodiesel and renewable diesel products has been underway, with no set timeline announced for a result. Trade liquidity thinned considerably due to the investigation, as rumors of retroactive tariffs being applied circulated in the market.

In broader biofuel news, crude oil refiner and renewable diesel producer Neste revised downwards its 2024 comparable sales margin guidance for Renewable Products.

The revised margin guidance is $480-$650/mt, cut from $600-$800/mt. This was due to declining diesel prices, as well as decreasing US ticket and credit pricing.

With Chinese imports hampered by anti-dumping probes, US conditions are likely to impact the renewable diesel market within Europe.

"100% of the HVO product into UK and Norway is from US," a trader said.

Upstream in the UCO market, prices also remained stable on the week, although sources indicated there was strong potential for future falls as supplies remained long in the European market.

Platts is part of S&P Global Commodity Insights.

May 16 2024

~~Platts RD: RD-A: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ULSD, $832/mt corroborated 14:40:06.071 GMT

May 09 2024

~~Platts RD: Spread between RD-A and RD-B heard close to parity 14:17:30.301 GMT

~~Platts RD: RD-B: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ICE Gasoil, offer at $635/cu m 14:16:58.053 GMT

May 07 2024

~~Platts R.Diesel: RD-A: Spot, FOB ARA, 2.5kt, min 85% GHG savings, -15 CFPP, premium to ICE Gasoil, offer at $650/cbm 13:09:04.947 GMT

May 01 2024

~~Platts RD: RD-A: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ICE Gasoil, traded at $650/cbm 14:39:25.158 GMT

April 23 2024

~~Platts R.Diesel: RD-B: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ULSD, Ind. Value $870/mt 14:54:59.972 GMT

~~Platts R.Diesel: RD-A: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ULSD, Ind. Value $805/mt 14:54:55.640 GMT

April 19 2024

~~ Platts RD: Correction: UCOME: June paper, 10 lots seen traded at $455/mt over ICE gasoil, via ICE blocks 10:58:06.818 GMT

~~ Platts RD: RD-B: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ICE Gasoil, Ind. Value $680-700/cbm 10:36:24.171 GMT

~~ Platts RD: RD-A: Spot, FOB ARA, 1kt, min 85% GHG savings, premium to ICE Gasoil, Ind. Value $630/cbm 10:36:17.394 GMT

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