The PRIMA UCO T1 Non EU UCO CIF ARA price reference code is is PR00001. �s�W����Q7(UͷO�`2�� �%|�a�t���hF��ʢ{e��闱�_24��v�h-d�W���ky�mP�r�R
ƥL�-/)J��t�f������d��d�%�>��cm���Ѳ��b�]�,By���}��T1םy�0�p���0a�� CME Group will collate prices from the brokers and provide daily settlement prices for the futures where there is open interest. The futures contract is available to trade as a block. However, its share in the feedstock mix has considerably decreased compared to the 72 percent share in 2008 mostly due to higher use of recycled vegetable oil/used cooking oil (UCO) and palm oil. Most of the HVO capacity consists of dedicated HVO plants, while in Spain HVO is co-processed with conventional fuel in oil refineries. Step 1: Register on CME Clearport Used cooking oils are both recycled and renewable. © 2020 CME Group Inc. All rights reserved. What is the Argus Media FOB ARA UCOME assessment? Yes, you can apply for a hedge exemption. Understand how the bond market moved back to its normal trading range, despite historic levels of volatility. Single Month Accountability Level and All Month Accountability Level are both set at 1,500 contracts. Biodiesel is a class of transport fuel which includes Hydrogenated Vegetable Oil (HVO) and Fatty Acid Methyl Esters (FAME), produced from either vegetable oils or animal fats. 2 0 obj
Single Month Accountability Level and All Month Accountability Level are both set at 3,000 contracts. UCO Maturing market in Europe and increased local demand in Asia will put pressure on UCO supplies. <>/Metadata 1478 0 R/ViewerPreferences 1479 0 R>>
UCO T1 CIF ARA Excluding Duty (PRIMA) Futures, UCO T1 CIF ARA Excluding Duty (PRIMA) vs Low Sulphur Gasoil Futures, UCOME Biodiesel (RED Compliant) FOB ARA (Argus) vs Low Sulphur Gasoil Futures, UCOME Biodiesel (RED Compliant) FOB ARA (Argus) Futures, Modern Slavery Act Transparency Statement. The 5.1 MMT of rapeseed oil feedstock projected for 2018 is equivalent to about 12.8 MMT of rapeseed. What are the underlying reference prices? For this reason, products like UCO are coming more into focus. The UCOME Biodiesel (RED Compliant) FOB ARA (Argus) futures will have a spot month limit of 450 contracts. Market participants may be eligible to receive an exemption from position limits in accordance with Rule 559 based on having bona fide hedging positions (as defined by CFTC Regulation §1.3(z)(1)), risk management positions, and/or arbitrage and spread positions. How is the final settlement price (the floating price) of the futures contract calculated? The regulator is the CFTC. These new futures contracts extend our ESG and renewables offering outside North America and should attract interest from both energy and agricultural customers (existing and new). How do I start trading and clearing this contract? The contract size is 100 metric tons and quoted in US dollars and cents per metric ton. Station map, Knowledge Research on the HVO process* * HVO is the abbreviation for hydrogenated vegetable oil. As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. 1 0 obj
In contrast, the majority of rapeseed oil is of domestic origin. Margin levels (outrights and offsets) are constantly under review and will be updated and listed on the product specification pages on www.cmegroup.com. and The reference to T1 implies that it is an assessment with the duty excluded. The structure of the EU biodiesel sector is very diverse and plant sizes range from an annual capacity of 2.3 million liters owned by a group of farmers to 680 million liters owned by a large multi-national company. To obtain an exemption application or for further information on the exemption application process, please contact us at NYHedgeprogram@cmegroup.com.