US Aug glycerine imports rise 32% yr over yr

10 October 2008 23:54  [Source: ICIS news]

HOUSTON (ICIS news)--US companies imported 78,068 tonnes of glycerine during the first eight months of this year, a 32% increase from the 59,136 tonnes brought in during the same time last year, according to data the US International Trade Commission (ITC) released on Friday. 

A glycerine glut in Asia led to a steady stream of material coming across the Pacific Ocean. Malaysia was the biggest glycerine supplier to the US, shipping 39,390 tonnes from January through August 2008, a 23% hike from the same period in 2007.

August spot prices for vegetable-based glycerine were assessed at 55-65 cents/lb ($1,213-1,433/tonne or €885-1,046/tonne), according to global chemical market intelligence service ICIS pricing. Tallow-based material was assessed at 60-70 cents/lb.

($1 = €0.73)

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By: Ben Lefebvre
+1 713 525 2653

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