RME Biodiesel Barge FOB ARA Premium
This cash assessment reflects the value of a barge of rapeseed oil methyl ester biodiesel with a maximum cold filter plugging point of minus 13 degrees Celsius loading FOB ARA 7-to-28 days forward from the date of publication. This product is used to create biodiesel blends with a lower CFPP and is used as a reference for winter-grade biodiesel fuels, which are then used as part of diesel fuels to meet European renewables mandates. It typically trades at a differential to low-sulfur gasoil futures and assessments are published as both a differential and a flat price. This assessment reflects the differential. The balmo and monthly assessments are Quantum's assessed value of swaps contracts that are financially settled against Argus Media's average monthly assessment published on the calendar month in question. The swaps assessments roll monthly on the 1st of each month. So, on 31 May, M+2 represents July loading. On 1 June M+2 represents August loading.
Currency and unit of measure: $/mt
Time of assessment: 16:30:00 Europe/London
Publishing frequency: Daily
Spec: EN 14214, max CFPP -13, max water 300ppm, RED-compliant certification, minimum 57% greenhouse gas savings when compared to an 83.8g CO2e/MJ fossil fuel baseline
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