04 October 2012 20:57 [Source: ICIS news]
HOUSTON (ICIS)--US refined glycerine fourth-quarter contracts settled at a rollover from the third quarter, sellers said on Thursday.
Stable fundamentals underpinned the rollover, with supply basically balanced to US demand.
“We are just into fourth-quarter, but prices are firm,” one supplier said.
Refined vegetable-based glycerine contracts were last assessed by ICIS at 38-46 cents/lb ($838-1,014/tonne, €645-781/tonne) FOB (Free on Board) midwest, with tallow-based contracts at 36-44 cents/lb FOB midwest.
Monthly contracts at these levels recently were assessed at a rollover between August and September, setting the initial price sentiment for the quarterly assessments to move at a rollover.
“Recreational vehicle (RV) and anti-freeze (AF) de-icing sales continue to be good,” a seller confirmed.
Refined glycerine has over 1,500 known end-uses, including pharmaceuticals, food, personal care and industrial applications.
Producers include Procter & Gamble, Vantage Oleochemical, VVF, Twin Rivers Technology, Emery Oleochemical, Peter Cremer and Cargill.
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