[RE]fuel Report Market Commentary

With November 30 marking the final stage for reconciliation of Year 9 certificates, trading ceased in that field, leaving Year 10 and Year 11 facing still idle demand and downward pressure on prices.

With the bid and offer range on certificates for both years held in a tight range of 20 p on the buy side, and around 21.5p on the sell for both years, prices came down losing a penny each to be assessed at 20.5p for Year 10 and 20.8 for Year 11.

Once again, market sources pointed to strong blend margins and colder weather focussing the minds and encouraging blending at the expense of dipping into certificates, removing buying interest from the market and allowing prices to fall.

Outside of the certification space, mineral diesel broadly held its ground after recent surges in the energy complex, while UCOME faced some pressure with UCO supplies said to be increasing from China, with exports to the European Union having trebled according to Chinese customs data.