Fastmarkets and ICE launch UCO Gulf futures contract

In the UK, Fastmarkets and Intercontinental Exchange (ICE) announced the launch of the ICE Used Cooking Oil (UCO) Gulf (Fastmarkets) Futures contract to meet growing demand and tackle complexity in the biofuel feedstock market.

The US Gulf-based UCO assessment reflects the primary market region for UCO trade, capturing the broadest data pool necessary for accurate market pricing. This ensures convergence between the futures price and the spot price at contract expiry, further bolstering confidence in market operations.