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In the United States, the highest-cost reporting region, HVO from UCO prices rose just above 3.2% in Q3 2026, moving from roughly USD 3,000/MT in Q2 to close to USD 3,095/MT in Q3, and it was higher used cooking oil costs, strong biodiesel margins, and firm demand from quota buyers that most plausibly shaped the move. Across the tracked regions, the global average rose from about USD 2,780/MT in Q2 to near USD 2,871/MT in Q3, a gain of just under 3.3%. For Q4 2026, a global average of just above USD 2,760 to 3,100/MT is expected, with used cooking oil prices, import flows, and blend caps guiding the range.
HVO from UCO is a renewable diesel produced by hydrotreating used cooking oil, a waste feedstock collected from restaurants and food processors, which qualifies for double counting and low carbon intensity treatment in many schemes. It is used as a blending component in road diesel, in fleets with sustainability targets, and as a feed for sustainable aviation fuel, with quota driven road fuel blending taking the largest share of demand. Used cooking oil prices and collection, import flows and fraud checks, blend caps for Annex IX feedstock, biodiesel margins, and shipping costs all feed into the price.
The balance of supply and demand for HVO from UCO through the end of 2026 leans firm. Used cooking oil in Northwest Europe traded near 1,280 to 1,290 euros per tonne in the week to 10 September 2026, up 1 to 3 percent on the week, and the spread between UCO biodiesel and the oil stayed above 400 dollars per tonne. Demand is still strong ahead of blend caps.
The main upside risk is further tightness in used cooking oil supply or a spike in gasoil prices that lifts prices above the forecast range. The main downside risk is that blend caps are reached or that buyers wait for lower prices in the fourth quarter, which would pull prices below the forecast.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 2,760 - 3,100 | Feedstock gains guide the range |
| Singapore | 2,580 - 2,900 | Regional feedstock keeps Singapore lowest |
| Netherlands | 2,680 - 3,010 | Hub imports hold a lower middle |
| Germany | 2,800 - 3,150 | Annex IX demand holds an upper middle |
| United States | 2,970 - 3,340 | Imports and credits hold the top |
HVO from UCO in Singapore averaged just above USD 2,685/MT through Q3 2026, rising close to 3.3% from roughly USD 2,600/MT the quarter before. It appears that firmer used cooking oil prices set the tone, and strong biodiesel margins helped the gains hold.
Why did the price of HVO from UCO change in Q3 2026 in Singapore?
Buyers in Singapore responded to Higher freight costs, which might have been the reason that restocking by refiners found a ready audience. The average for the quarter came to just above USD 2,685/MT.
In the Netherlands, the HVO from UCO price moved to about USD 2,790/MT in Q3 2026, a rise of just under 3.3% from near USD 2,700/MT in Q2 2026. The quarter was shaped largely by strong biodiesel margins, and tight availability of Annex IX feedstock met little resistance.
Why did the price of HVO from UCO change in Q3 2026 in Netherlands?
Restocking by refiners lifted buying across the quarter, and what also helped was firm demand from quota buyers. When the two forces came together, they pushed the Netherlands price to about USD 2,790/MT.
Germany HVO from UCO prices averaged just above USD 2,915/MT in Q3 2026, up close to 3.4% from roughly USD 2,820/MT in Q2 2026. It was tight availability of Annex IX feedstock that did most of the lifting, with higher freight costs adding support.
Why did the price of HVO from UCO change in Q3 2026 in Germany?
The quarter turned on Firm demand from quota buyers, with firmer used cooking oil prices arriving at almost the same moment. Annex IX feedstock rules and quota demand support a premium over other European markets. Together they carried the Germany average to just above USD 2,915/MT.
The United States market for HVO from UCO closed Q3 2026 on an average of about USD 3,095/MT, a gain of just under 3.2% on near USD 3,000/MT in Q2 2026. What carried the move was higher freight costs, while restocking by refiners kept buying interest alive.
Why did the price of HVO from UCO change in Q3 2026 in United States?
Buyers in the United States responded to Firmer used cooking oil prices, which might have been the reason that strong biodiesel margins found a ready audience. The average for the quarter came to about USD 3,095/MT.
Singapore HVO from UCO prices averaged just above USD 2,600/MT in Q2 2026, up close to 2.4% from roughly USD 2,540/MT in Q1 2026. It was tight availability of Annex IX feedstock that did most of the lifting, with higher freight costs adding support.
Why did the price of HVO from UCO change in Q2 2026 in Singapore?
Firm demand from quota buyers lifted buying across the quarter, and what also helped was firmer used cooking oil prices. When the two forces came together, they pushed the Singapore price to just above USD 2,600/MT.
The Netherlands market for HVO from UCO closed Q2 2026 on an average of about USD 2,700/MT, a gain of just under 2.3% on near USD 2,640/MT in Q1 2026. What carried the move was higher freight costs, while restocking by refiners kept buying interest alive.
Why did the price of HVO from UCO change in Q2 2026 in Netherlands?
The quarter turned on Firmer used cooking oil prices, with strong biodiesel margins arriving at almost the same moment. ARA is the main import point for used cooking oil, and the hub sets the European trading level. Together they carried the Netherlands average to about USD 2,700/MT.
HVO from UCO in Germany averaged just above USD 2,820/MT through Q2 2026, rising close to 2.2% from roughly USD 2,760/MT the quarter before. It appears that restocking by refiners set the tone, and firm demand from quota buyers helped the gains hold.
Why did the price of HVO from UCO change in Q2 2026 in Germany?
Buyers in Germany responded to Strong biodiesel margins, which might have been the reason that tight availability of Annex IX feedstock found a ready audience. The average for the quarter came to just above USD 2,820/MT.
In the United States, the HVO from UCO price moved to about USD 3,000/MT in Q2 2026, a rise of just under 2.0% from near USD 2,940/MT in Q1 2026. The quarter was shaped largely by firm demand from quota buyers, and firmer used cooking oil prices met little resistance.
Why did the price of HVO from UCO change in Q2 2026 in United States?
Tight availability of Annex IX feedstock lifted buying across the quarter, and what also helped was higher freight costs. When the two forces came together, they pushed the United States price to about USD 3,000/MT.
Taken in sequence, the global HVO from UCO average opened the window at roughly USD 2,740/MT in Q2 2025, moved to close to USD 2,680/MT in Q3 and about USD 2,660/MT in Q4, then firmed to near USD 2,720/MT in Q1 2026, firmed to just under USD 2,780/MT in Q2 and firmed to just above USD 2,871/MT in Q3 2026, a net gain of roughly 4.8% over the window. Used cooking oil costs, biodiesel margins, and quota demand drove the overall price pattern.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q3 2026 | 2,871 | +3.3% | ↑ Rising |
| Q2 2026 | 2,780 | +2.2% | ↑ Rising |
| Q1 2026 | 2,720 | +2.3% | ↑ Rising |
| Q4 2025 | 2,660 | -0.7% | - Stable |
| Q3 2025 | 2,680 | -2.2% | ↓ Falling |
| Q4 2026 | In Progress | - | - In Progress |
HVO from UCO prices eased in 2025 and then rose from the end of the year as used cooking oil reached long term highs. The global average eased from close to USD 2,780/MT in Q1 2025 to about USD 2,660/MT by Q4, a full-year decline of near 4.3%.
Through 2025 the Singapore average slid from close to USD 2,600/MT in Q1 to about USD 2,480/MT in Q4, a drop of near 4.6%. What shaped the year was higher used cooking oil costs and firm demand from European buyers.
Through 2025 the Netherlands average slid from close to USD 2,700/MT in Q1 to about USD 2,580/MT in Q4, a drop of near 4.4%. What shaped the year was higher used cooking oil costs of about 1,300 dollars per tonne and strong biodiesel margins.
Through 2025 the Germany average slid from close to USD 2,820/MT in Q1 to about USD 2,700/MT in Q4, a drop of near 4.3%. What shaped the year was higher used cooking oil costs and strong quota demand.
Through 2025 the United States average slid from close to USD 3,000/MT in Q1 to about USD 2,880/MT in Q4, a drop of near 4.0%. What shaped the year was higher used cooking oil costs and firm credit values.
Expert Market Research: Your Source for Real-Time HVO from UCO Price Intelligence
Expert Market Research tracks HVO from UCO prices continuously across every major producing and consuming region. The team traces causation through used cooking oil economics, biodiesel margins, and quota demand. Contact Expert Market Research today for HVO from UCO pricing data, bespoke market analysis, and strategic procurement advisory.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Quota driven road fuel blending takes the largest share. HVO from UCO is a blending component in diesel and a feed for sustainable aviation fuel.
The Q3 2026 average was just under USD 2,685/MT in Singapore, just above USD 2,790/MT in the Netherlands, roughly USD 2,915/MT in Germany, and close to USD 3,095/MT in the United States. The United States carried the highest cost, on imported feedstock and credit values.
The global average rose from about USD 2,780/MT in Q2 to near USD 2,871/MT in Q3 2026, a gain of just under 3.3%. Higher used cooking oil costs, strong biodiesel margins, and firm demand from quota buyers drove the quarterly gain.
Used cooking oil prices rose through the quarter on gasoil volatility and strong biodiesel demand, and refiners passed higher feedstock costs into HVO offers.
The global average is expected between just above USD 2,760 and USD 3,100/MT for Q4 2026. Used cooking oil prices, import flows, and blend caps are expected to guide the range, with a stable to firm bias.
The United States and Germany hold the premium on credits and Annex IX demand, the Netherlands sets the hub level, and Singapore prices lowest on regional feedstock.
Updates are published monthly, with custom and real-time price feeds available from the Expert Market Research team.
Prices respond mainly to used cooking oil prices and collection, import flows, blend caps, biodiesel margins, and shipping costs.
The Netherlands, Singapore, Finland, the United States, and China are leading producers and feedstock suppliers.
Buyers can use quarterly trends to time contracts, follow used cooking oil prices and blend caps as the lead signals, and verify feedstock origin.
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