12 May 2009 21:15 [Source: ICIS news]
HOUSTON (ICIS news)--US refined glycerine imports in the first quarter were 18,948 tonnes, or 36% lower than the 29,812 tonnes shipped during the first three months of 2008, according to the US International Trade Commission (ITC) on Tuesday.
Imports in March were more than three times higher than the 2,513 tonnes imported in February.
Demand for refined glycerine has fallen since early 2008, with the industry experiencing doldrums in the first quarter due to the economic global downturn.
Global chemical market intelligence service ICIS pricing assessed vegetable glycerine spot prices at $816-970/tonne (€604-718/tonne) DEL (delivered) and tallow-derived glycerine at $728-948/tonne on 6 May, compared with $816-992/tonne for veg and $772-992/tonne for tallow on 11 March.
US glycerine producers include Procter & Gamble, Vantage, ADM and Cargill.
($1 = €0.74)
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