vs Los Angeles VLSFO
Renewable diesel
368
North America Hydrogen**
2,117
North America Hydrogen**
2,117
Renewable diesel
368
Argus Alternative marine fuels less VLSFO
30 April 2025 snapshot
$/t VLSFO-equivalent
USGC LNG fob export cargo
-20
USGC "grey ammonia cfr
566
vs Houston VLSFO
USGC methanol barge dob
190
¶
‡
USGC "grey ammonia cfr
¶
566
USGC LNG fob export cargo
-20
USGC methanol barge dob
346
China biodiesel UCOME†
942
China LNG des cargo†
-12
vs Zhoushan VLSFO
China LNG des cargo†
-12
China biodiesel UCOME†
942
Japanese LNG import
cargo less Tokyo VLSFO*
24
Japanese LNG import
cargo less Tokyo VLSFO*
24
Middle East "grey" ammonia
167
Middle East "grey"
ammonia
167
NWE "grey" ammonia
¶
504
vs ARA VLSFO
NWE "grey" ammonia
¶
504
NWE "blue" ammonia**
1,197
¶
1,197
NWE "blue" ammonia**
NWE "green" ammonia#
2,385
NWE "green" ammonia#
2,385
NWE LNG bunker on barge
¶
126
NWE LNG bunker on barge
¶
126
Rotterdam methanol dob***
203
ARA biomethanol dob***
1,873
ARA biomethanol dob***
1,873
Rotterdam methanol dob***
203
ARA B30 UCOME fob
424
ARA B30 advanced FAME dob
274
§
ARA B30 advanced FAME dob
274
§
§
ARA B30 UCOME fob
424
§
NWE Hydrogen**
2,463
NWE Hydrogen**
2,463
West Med B24 UCOME
298
§
West Med B24 UCOME
§
Hydrogen net export**
1,786
Biodiesel B24
268
SE Asia methanol
277
Singapore LNG bunker on barge
-5
East Asia "green" ammonia****
2,395
East Asia "grey" ammonia
294
vs Singapore VLSFO
Click to visit source:
Argus Methanol
Argus Hydrogen and Future Fuels
Argus Marine Fuels
Argus Ammonia
Argus LNG Daily
Argus Biofuels
Click for Legend
Argus Japanese LNG Cocktail Index (Argus JLC) shows data lagging 1-2 months as released by Japan's Ministry of Finance. Argus JLC is based on customs prices for all LNG deliveries including those made under oil-linked long-term contracts. Tokyo VLSFO shows previous month data to match.
Weekly average, week ending 7 Feb
Weekly assessment (3 Feb)
Daily
Weekly assessment (3 Feb)
Monthly average
Weekly assessment (4 Feb) less daily VLSFO
Weekly snapshots (6 Feb)
monthly
Weekly assessment, week ending 7 Feb
Legend
§
§
‡
East Asia "grey" ammonia
294
†
‡
§
Singapore LNG bunker on barge
§
-5
‡
SE Asia methanol
‡
277
§
Biodiesel B24
268
§
Hydrogen net export**
1,786
East Asia "green" ammonia****
2,395
vs Tokyo VLSFO
vs Gibraltar-Algeciras-Ceuta dob VLSFO
vs Fujariah VLSFO
na
USGC methanol barge dob
211
‡
USGC methanol barge dob
211
‡
West Med B24 UCOME
§
304
West Med B24 UCOME
§
304
vs Gibraltar-Algeciras-Ceuta dob VLSFO
Biodiesel B24
§
261
vs Guangzhou VLSFO
Biodiesel B24
§
261
Biodiesel B24
§
253
West Med B24 UCOME
§
174
vs Guangzhou VLSFO
Biodiesel B30
388
§
§
Biodiesel B30
388
§
Biodiesel B30
371
§
Biodiesel B30
371
USGC low carbon methanol barge dob
1,836
††
USGC low carbon methanol barge dob
1,836
††
§
Biodiesel B24
300
§
Biodiesel B24
300
†
†
West Med B24 UCOME
§
NA
West Med B24 UCOME
§
NA
vs Mediterranean VLSFO
Japanese LNG import
cargo less Tokyo VLSFO*
-134
Japanese LNG import
cargo less Tokyo VLSFO*
-134
vs Tokyo VLSFO
*
†
‡
§
¶
#
**
***
****
††
NWE bio-LNG unsubsidised on barge
¶
707
NWE bio-LNG unsubsidised on barge
¶
707
NWE LNG bunker on barge
¶
144
NWE LNG bunker on barge
¶
144
Click on the regions on the map and the chart icon to explore insights
US Treasury released its proposed guidance for the 45Z credit on 10 Jan, with a provision excluding biofuels made from foreign UCO
R100 and SAF100 prices fell in January following the BTC expiry
UCO and tallow prices jumped to a premium above soybean oil in January, supported by incentives for low-CI waste feedstocks under the 45Z
D4 RIN prices jumped $0.12/RIN to $0.72/RIN in January as producers look to recover the value of the now expired BTC
North America: US biofuels feedstock prices
View chart
Europe
South America
North America
Asia
Japanese LNG import
cargo less Tokyo VLSFO*
-134
Japanese LNG import
cargo less Tokyo VLSFO*
-134
vs Tokyo VLSFO
West Med B24 UCOME
§
NA
West Med B24 UCOME
§
NA
vs Mediterranean VLSFO
Biodiesel B24
§
231
Biodiesel B24
§
231
vs Guangzhou VLSFO
Hydrogen net export**
1,774
Hydrogen net export**
1,774
Biodiesel B24
§
230
Biodiesel B24
§
230
SE Asia methanol
‡
272
SE Asia methanol
‡
272
Singapore LNG bunker on barge
§
30
Singapore LNG bunker on barge
§
30
East Asia "green" ammonia****
2,382
East Asia "green" ammonia****
2,382
East Asia "grey" ammonia
†
266
East Asia "grey" ammonia
‡
266
vs Singapore VLSFO
§
Biodiesel B24
264
§
Biodiesel B24
264
Middle East "grey" ammonia
156
†
Middle East "grey"
ammonia
156
†
vs Fujariah VLSFO
Japanese LNG import
cargo less Tokyo VLSFO*
10
Japanese LNG import
cargo less Tokyo VLSFO*
10
E China biomethanol dob
1,444
E China biomethanol dob
1,444
China biodiesel UCOME†
869
China biodiesel UCOME†
869
China LNG des cargo†
35
China LNG des cargo†
35
vs Zhoushan VLSFO
§
Biodiesel B30
325
§
Biodiesel B30
325
USGC low carbon methanol barge dob
1,787
††
USGC low carbon methanol barge dob
1,787
††
USGC methanol barge dob
149
‡
USGC methanol barge dob
149
‡
USGC LNG fob export cargo
§
35
USGC LNG fob export cargo
§
35
USGC "grey ammonia cfr
¶
436
USGC "grey ammonia cfr
¶
436
vs Houston VLSFO
West Med B24 UCOME
§
311
West Med B24 UCOME
§
311
vs Gibraltar-Algeciras-Ceuta dob VLSFO
North America Hydrogen**
2,086
North America Hydrogen**
2,086
§
Biodiesel B30
340
§
Biodiesel B30
340
Renewable diesel
408
Renewable diesel
408
vs Los Angeles VLSFO
NWE Hydrogen**
2,443
NWE Hydrogen**
2,443
ARA B30 UCOME fob
§
386
ARA B30 UCOME fob
§
386
ARA B30 advanced FAME dob
§
250
ARA B30 advanced FAME dob
§
250
Rotterdam methanol dob***
149
Rotterdam methanol dob***
149
ARA biomethanol dob***
1,832
ARA biomethanol dob***
1,832
NWE bio-LNG unsubsidised on barge
¶
647
NWE bio-LNG unsubsidised on barge
¶
647
NWE LNG bunker on barge
¶
117
NWE LNG bunker on barge
¶
117
NWE "green" ammonia#
2,362
NWE "green" ammonia#
2,362
NWE "blue" ammonia**
1,266
NWE "blue" ammonia**
1,266
NWE "grey" ammonia
¶
450
NWE "grey" ammonia
¶
450
vs ARA VLSFO
Click for Legend
Argus LNG Daily
Argus Hydrogen and Future Fuels
Argus Methanol
Argus Ammonia
Argus Biofuels
Argus Marine Fuels
Click to visit source:
Argus Japanese LNG Cocktail Index (Argus JLC) shows data lagging 1-2 months as released by Japan's Ministry of Finance. Argus JLC is based on customs prices for all LNG deliveries including those made under oil-linked long-term contracts. Tokyo VLSFO shows previous month data to match.
Weekly average, week ending 7 Feb
Weekly assessment (3 Feb)
Daily
Weekly assessment (3 Feb)
Monthly average
Weekly assessment (4 Feb) less daily VLSFO
Weekly snapshots (6 Feb)
monthly
Weekly assessment, week ending 7 Feb
*
†
‡
§
¶
#
**
***
****
††
Legend
Argus Alternative marine fuels less VLSFO
$/t VLSFO-equivalent
Click on the regions on the map and the chart icon to explore insights
US Treasury released its proposed guidance for the 45Z credit on 10 Jan, with a provision excluding biofuels made from foreign UCO
R100 and SAF100 prices fell in January following the BTC expiry
UCO and tallow prices jumped to a premium above soybean oil in January, supported by incentives for low-CI waste feedstocks under the 45Z
D4 RIN prices jumped $0.12/RIN to $0.72/RIN in January as producers look to recover the value of the now expired BTC
North America: US biofuels feedstock prices
View chart
Europe
South America
North America
Asia
30 May 2025 snapshot
Hydrogen net export**
1,774
Hydrogen ne
1,174
Biodiesel B24
§
230
Biodiesel B24
§
230
SE Asia methanol
‡
272
SE Asia methanol
‡
272
Singapore LNG bunker on barge
§
30
Singapore LNG bunker on barge
§
30
East Asia "green" ammonia****
2,382
East Asia "green" ammonia****
2,382
East Asia "grey" ammonia
266
‡
East Asia "grey" ammonia
266
‡
vs Singapore VLSFO
Biodiesel B24
§
231
West Med B24 UCOME
§
231
vs Guangzhou VLSFO
Japanese LNG import
cargo less Tokyo VLSFO*
10
Japanese LNG import
cargo less Tokyo VLSFO*
10
vs Tokyo VLSFO
E China biomethanol dob
1,444
E China biomethanol dob
1,444
China biodiesel UCOME†
869
China biodiesel UCOME†
869
China LNG des cargo†
35
China LNG des cargo†
35
vs Zhoushan VLSFO
§
Biodiesel B24
264
§
Biodiesel B30
264
Middle East "grey" ammonia†
156
Middle East "grey" ammonia
156
vs Fujariah VLSFO
West Med B24 UCOME
§
157
West Med B24 UCOME
§
157
vs Mediterranean VLSFO
NWE Hydrogen***
2,443
NWE Hydrogen***
2,443
ARA B30 UCOME
§
386
ARA B30 UCOME
§
386
ARA B30 advanced FAME
250
§
ARA B30 advanced FAME
250
§
Rotterdam methanol dob***
149
Rotterdam methanol dob***
149
ARA biomethanol dob***
1,832
ARA biomethanol dob***
1,832
NWE bio-LNG unsubsidised on barge
¶
647
NW Europe LNG for
bunkering on barge
¶
117
NWE LNG bunker on barge
¶
117
NWE LNG bunker on barge
¶
117
NWE "green" ammonia#
2,362
NWE "green" ammonia#
2,362
NWE "blue" ammonia**
1,266
NWE "blue" ammonia**
¶
1,266
NWE "grey" ammonia
¶
450
NWE "grey" ammonia
¶
450
vs ARA VLSFO
§
Biodiesel B30
325
§
Biodiesel B30
325
USGC low carbon methanol barge dob
1,787
‡
USGC low carbon methanol barge dob
1,787
‡
USGC methanol barge delivered
149
‡
USGC methanol barge dob
149
‡
USGC LNG fob export cargo
35
§
USGC LNG fob export cargo
35
§
USGC "grey ammonia cfr
¶
436
USGC "grey ammonia cfr
¶
436
vs Houston VLSFO
§
Biodiesel B30
340
§
Biodiesel B30
340
North America Hydrogen***
2,086
North America Hydrogen***
2,086
Renewable diesel
408
Renewable diesel
408
vs Los Angeles VLSFO
Click for Legend
LNG Daily
Argus Hydrogen and Future Fuels
Argus Methanol
Argus Ammonia
Argus Biofuels
Argus Marine Fuels
Click to visit source:
* Argus Japanese LNG Cocktail Index (Argus JLC) shows previous month data as released by Japan's Ministry of Finance. Argus JLC is based on customs prices for wholesale LNG deliveries including those made under oil-linked long-term contracts. Japan's LNG bunker barge delivery cost ranges from $3-4/mn Btu. Tokyo VLSFO shows previous month data to match.
** Hydrogen weekly assessment (7 Feb) less daily VLSFO
*** Weekly snapshots (2 Feb)
† Weekly average, week ending 3 Feb;
‡ Weekly assessment (6 Feb)
§ Daily
¶ Weekly assessment (2 Feb)
# Monthly average
*
†
‡
§
¶
#
**
***
****
††
Legend
Alternative marine fuels less VLSFO
30 May 2025 snapshot
$/t VLSFO-equivalent