China crude glycerine prices stable as buyers resist firm offers

02 May 2013 04:06  [Source: ICIS news]

SINGAPORE (ICIS)--China’s import prices for crude glycerine were assessed as stable for the third straight week as buyers continued to resist firm offers because of weak downstream sectors, market sources said on Thursday.

On 1 May, prices were assessed at $400-415/tonne (€304-315/tonne) CIF (cost, insurance and freight) China Main Port (CMP), according to ICIS data.

During the week, sellers maintained their offers, quoting  $415/tonne CIF CMP for 80% purity crude glycerine for May loading, citing limited global supply, market sources said.

Buying ideas, on the other hand, were largely capped at $400/tonne CIF CMP, as downstream epichlorohydrin (ECH) and refined glycerine sectors are not performing well, they said.

($1 = €0.76)

By: Christina Siantar
+65 6780 4327

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