US Q3 refined glycerine contracts dip on flattening demand

06 July 2011 22:46  [Source: ICIS news]

HOUSTON (ICIS)--US refined glycerine third-quarter contracts edged down slightly from the second-quarter levels, buyers and sellers said on Wednesday.

“Many contracts did roll over, but a number of them fell slightly, depending on the starting point,” one source said.

Vegetable-derived refined glycerine contracts were assessed at 38-46 cents/lb ($838-$1,014/tonne, €578-700/tonne), down 1 cent/lb on the high end of the 38-47 cents/lb second-quarter assessment.

Tallow-derived refined glycerine contracts were assessed at 36-44 cents/lb, shaving the same 1 cent/lb off the upper end of the 36-45 cents/lb second-quarter assessment.

Third-quarter negotiations were mixed, with several suppliers moving up lower start-point accounts by several cents, many accounts rolling over between the quarters and a number of contracts finishing slightly below the start-points. 

Most market participants said the higher levels edged back on flattening US demand and a sluggish economic recovery.

US glycerine producers and refiners include Procter & Gamble, Vantage Oleochemical, Emery Oleochemicals and VVF. Agriculture-based producers and refiners include Archer Daniels Midland (ADM) and Cargill.

($1 = €0.69)

Doris de Guzman examines alternative processing, new technology, R&D and other sustainability initiatives in Green Chemicals


By: Judith Taylor
+1 713 525 2653



AddThis Social Bookmark Button

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.

Printer Friendly

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