03 May 2013 11:20 [Source: ICIS news]
Premiums for both Renewable Energy Directive (RED) certified product and non-RED product have increased by $10-15/tonne (€8-12/tonne), with FAME 0 RED at $290-300/tonne FOB (free on board) Rotterdam and FAME 0 at $245-255/tonne FOB Rotterdam.
Fewer imports are arriving in Europe because of the European Commission’s ruling that all biodiesel imports from Argentina and Indonesia must be registered as part of its ongoing investigation into allegations that subsidised biodiesel from the two countries was dumped in Europe.
The lack of SME has meant that producers are substituting it with rapeseed methyl ester (RME) in FAME 0 blends, providing the economics are favourable.
As a result of both tighter supply and the substitution of SME with the more expensive RME, FAME 0 premiums have increased.
($1 = €0.77)
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.
|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|
Asian Chemical Connections