18 June 2008 17:12 [Source: ICIS news]
“We hear of delays in imports caused by shipping issues in
Rapeseed methyl ester (RME) prices were offered close to $1,700/tonne (€1,088/tonne) FOB (free on board) NWE (northwest
Further ahead, prices were quoted around $1,660/tonne FOB NWE for August.
On fatty acid methyl ester (FAME) offers were heard in the high $1,500s/tonne FOB
There was a wide gap between bids and offers, with uncertainty over how volatile upstream vegetable oil and crude oil pricing would develop.
“The price spread between buyers and sellers is huge. Yes the spot market is active but most of the trades I have seen have been for smaller volumes,” added another trader.
($1 = €0.64)
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