Kuala Lumpur-based stock exchange Bursa Malaysia has cleared the first trades for its newly launched Platts-settled Used Cooking Oil FOB Straits futures contract (FUCO) Dec. 16. A total of 32 lots were traded on the January contract at highs of $972.25/mt and lows of $969/mt, with the last trade of the session at $971.75/mt, Bursa Malaysia data showed. January settled the day at $971.75/mt, up from an open price of $970/mt. A further ten lots traded for March, as trades reached as high as $929.25/mt while the low was seen at $928.25/mt, the same value as the last trade. Despite the lower trade, March settled at $934/mt, up from an opening of $929.25/mt. Read S&P Global Commodity Insights article: https://okt.to/XKUMvG #Malaysia #StockExchange #BursaMalaysia
