05 August 2009 23:59 [Source: ICIS news]
LONDON (ICIS news)--European refined spot glycerine prices have fallen by €20/tonne ($29/tonne) due to weak demand, buyers and sellers said on Wednesday.
Tallow-grade spot material was priced at €300-330/tonne FD (free delivered) NWE (northwest
The crude glycerine spot price was also reduced by €10/tonne to a range of €100-130/tonne FD NWE due to the supply-demand ratio.
“There were far too many volumes on the market for both refined and crude glycerine and not enough demand,” one seller said.
($1 = €0.69, $1 = £0.59)
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