12 October 2010 06:33 [Source: ICIS news]
Crude glycerine prices were last assessed at $225-235/tonne (€162-169/tonne) CIF (cost, insurance, freight) China Main Port (CMP) on 6 October, up $10-15/tonne from 8 September, according to ICIS.
South America is the largest crude glycerine producing region in the world due to the booming biodiesel production in that region, a
“US was heard buying huge amounts of crude glycerine from their southern neighbours,” the trader said.The unexpected surge in demand for crude glycerine in
“Nobody was expecting
Most Chinese buyers had possibly increased purchases to shore up inventories in anticipation of even higher prices in the coming weeks, the producer added.
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