11 April 2013 20:55 [Source: ICIS news]
HOUSTON (ICIS)--US tallow-based stearic and oleic fatty acid contract prices edged up in April on slightly higher feedstock costs, buyers and sellers said on Thursday.
Feedstock bleachable fancy tallow (BFT) prices averaged about 40-41 cents/lb ($882-904/tonne, €679-696/tonne), or about 0.50-1.00 cents/lb, higher in March than in February.
Fatty acid suppliers use a prior-month BFT feedstock average as a factor in the contracts.
This factor pushed up the tallow-based acid contracts by about the same amount as the average for April business, sources said.
Non-kosher triple pressed stearic acid (TPSA) April contracts were assessed at 62-65 cents/lb bulk delivered, with rubber grade stearics at 56-60 cents/lb on the same basis.
Oleic C18:1 fatty tallow fatty acid contracts were assessed at 78-82 cents/lb, rising in tandem with the BFT factor and the rise in stearics.
Oleic supply-demand fundamentals are entering balance after about 12 months of tight supply conditions, sources said.
Oleic balance is fostered by strong demand, particularly in oilfield applications, and by producers working to adjust production to the uptick in demand from that end-use sector.
($1 = €0.77)
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