06 August 2012 10:33 [Source: ICIS news]
SINGAPORE (ICIS)--Biodiesel exports from ?xml:namespace>
It is typical for manufacturing operating rates to decrease during Ramadan, which started on 20 July this year, as some factories undergo maintenance shutdowns and as some of the workers work shorter hours, they added.
“I think this [downtrend in exports] is set to stay until after the winter season,” said a seller.
Prices were assessed at $980-1,030/tonne (€794-834/tonne) FOB (free on board) southeast (SE)
PME prices tended to move in the range between the cost of production from CPO and gasoil or diesel prices, said market participants.
Sellers will set their prices after factoring the cost of purchasing CPO, a traded commodity with an added production premium, while buyers from oil companies will bid at current gasoil or diesel prices.
PME is not suitable for use in cold climates because of its high cold filter plugging points (CFPP). This is the temperature which the biodiesel will start to clog the fuel filters in engines.
The biodiesel blend in
Meanwhile, exports from
Only some of the 29 PME factories in the country are still operating, and this is to support the local biodiesel mandate, not for exports, Malaysian PME refiners said.
Indonesian PME producers include Wilmar and Musim Mas.
($1 = €0.81)
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