LONDON, Dec. 9, 2024 — Fastmarkets and Intercontinental Exchange (ICE) are pleased to announce the launch of the ICE Used Cooking Oil (UCO) futures contract to address the increasing demand and complexities within the biofuel feedstock market.
This launch offers market participants a new risk management tool for the renewable energy sector. It also provides a way to gain exposure to UCO price fluctuations without physical delivery obligations.
Fastmarkets’ UCO price assessment, based on the US Gulf market, reflects the major trading region for UCO, incorporating a comprehensive dataset for precise pricing. This ensures alignment between futures and spot prices at contract expiration, enhancing market confidence.
“Given the rising UCO market volume and diverse participants, introducing a futures contract for effective risk management is timely,” stated Przemek Koralewski, Fastmarkets’ global head of market development. “This contract will equip market players with a sophisticated tool for price risk management, fostering stability and supporting long-term strategic planning.”
The ICE UCO futures contract is designed to benefit all participants in the biofuel supply chain, including feedstock suppliers, refiners, traders, financial institutions, and biodiesel producers.
“Liquidity in ICE’s biofuel market has significantly increased in recent years,” commented Jeff Barbuto, global head of oil markets at ICE. “We are delighted to collaborate with Fastmarkets to build on this progress and further expand the UCO market.”
Ryan Standard, Fastmarkets’ regional managing editor, added: “The ICE UCO futures contract represents a significant advancement for the biofuel feedstock market. By providing a reliable benchmark linked to our comprehensive price assessments, ICE and Fastmarkets are promoting transparency and price discovery within the industry.”
For more information, visit and the ICE Futures listings at .
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ABOUT FASTMARKETS
Fastmarkets is a leading price reporting agency (PRA) and information provider for the agriculture, forest products, metals, and energy transition commodities markets. Fastmarkets provides customers with commodity benchmark prices and assessments, forecasts, analytics, insights, news, and events. Its data is crucial for clients needing to understand and predict dynamic, sometimes opaque markets, supporting trading and risk management.
Fastmarkets is a global company with a history tracing back to 1865, built on trust and extensive market expertise. It employs over 650 people across multiple global locations, including the UK, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine, and Finland.
Fastmarkets is a privately held UK-registered company owned by its shareholders and Astorg, a European private equity firm.
SOURCE Fastmarkets