US crude glycerine supply low due to biodiesel
18 March 2008 22:05 [Source: ICIS news]
HOUSTON (ICIS news)--
“It’s scarce because of the biodiesel plants shutting down,” one seller said.
Exporters said 19-20 cents/lb ($419-441/tonne or €268-282/tonne) was representative for 80% domestic crude glycerine. Crude glycerine refiners put the range at this same spread, and agreed that the floundering biodiesel segment was the underlying reason for crimped supply.
Crude glycerine buyers said levels discussed in the low 30 cents/lb were only cropping up in a few selected situations and were not representative of the broader market price.
Top purity 80% anhydrous crude glycerine with low methanol salts sold this week at 30 cents/lb FOB (free on board) in the midwest, according to sellers.
Crude glycerine is a co-product of biodiesel production, as well as fatty acid production and several soap-making processes.
Suppliers of crude glycerine include most companies involved in these industries, such as Peter Cremer in biodiesel, Uniqema in fatty acids, and Dial in the soap-making segment.
($1 = €0.64)
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
By: Judith Taylor
+1 713 525 2653
< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Links posted in this story:
|
|
Related Articles
- 07 May 08 22:11 US Q2 refined glycerine contracts remain steady
- 30 Apr 08 21:13 US biodiesel sales improve on high crude oil
- 02 Apr 08 23:59 Q2 Europe fatty acid prices rise €30-100/tonne
- 01 Apr 08 00:07 NPRA '08: Market at odds over Q2 US glycerine
- 31 Mar 08 17:25 NPRA '08: Methanol’s role secure in biodiesel
- 26 Mar 08 04:54 Asia refined glycerine values soften
- 27 Mar 08 22:48 US fatty alcohol prices rising fast - buyers
- 25 Mar 08 23:42 Looser US grain futures cap neutral for biofuels
- 24 Mar 08 23:13 REG postpones biodiesel IPO amid US share slump
- 20 Mar 08 23:03 SCC nominates 38 cent drop for Apr methanol
- 20 Mar 08 22:50 Methanex lays off Chilean workers, cites natgas
- 20 Mar 08 17:52 Trinidad & Tobago schedules methanol turnarounds
- 20 Mar 08 17:20 Methanex nominates 30-cent drop for Apr methanol
- 18 Mar 08 09:17 China targets 10% energy from renewables by 2010
- 17 Mar 08 21:44 Mozambique Petromoc to invest in ethanol plant
- 14 Mar 08 22:23 Brazil to raise biodiesel blend to 3% on 1 July
- 11 Mar 08 21:05 Midwest B100 prices in US fall on soybean oil
- 11 Mar 08 19:06 Iowa court orders Cargill to pay $100,000 fine
- 21 Jan 08 00:00 Asian oleochemical capacity continues to expand
- 10 Mar 08 23:21 Brazil Nova to build 'green plastic' pilot plant
Latest News
- 20 Nov 09 23:59 Europe Q4 acetic acid settles up at €470-550/tonne
- 20 Nov 09 23:17 EVENING SNAPSHOT - Americas Markets Summary
- 20 Nov 09 22:08 Jan-Oct Argentina chem production rises 11.6% year over year
- 20 Nov 09 21:33 Lyondell can cancel some executive benefits - US court
- 20 Nov 09 21:28 Russia petchems to grow on proximity to China
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential