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)
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections