April US glycerine exports up sevenfold yr-on-yr

10 June 2008 21:39  [Source: ICIS news]

HOUSTON (ICIS news)--Exports of crude glycerine in April were 6,646 tonnes, or more than seven times higher than the same month a year before, according to statistics released on Tuesday by the US International Trade Commission (ITC).

Exports in the month were 16% more than the 5,716 tonnes exported in March.

Shipments during the first four months of 2008 were 21,794 tonnes, nearly nine times more than the 2,434 tonnes exported in the same period of 2007.

Chinese demand has jumped from nearly zero in the first four months of 2007 to 14,094 for the same period this year, representing about 65% of US crude glycerine exports, according to the ITC. 

Prices for crude glycerine with 80% purity were assessed at $353-397/tonne (€226-254/tonne) FOB (free on board) midwest for the week ended 5 June, according to global chemical market intelligence service ICIS pricing.

($1 = €0.64)

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By: Ben Lefebvre
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