Crude glycerine prices edge up slightly on tight supply

09 May 2013 12:44  [Source: ICIS news]

SINGAPORE (ICIS)--Crude glycerine cargoes bound for loading in May and June edged up modestly over the week, after holding steady for 3 consecutive weeks, supported by the global tight supply, sources said.

On 8 May, spot prices rose by $5/tonne (€4/tonne) at the low end to $405-415/tonne CIF (cost, insurance and freight) China Main Port (CMP), according to ICIS.

Brazil-origin crude glycerine derived from a mixture of vegetable oil and tallow feedstock was transacted at $410-415/tonne CIF CMP.

Looking forward, the majority of the industry players expect crude glycerine price discussions to be range-bound as the overall tightness in supply is likely to be counterbalanced by the sluggish demand.

($1 = €0.76)

By: Christina Siantar
+65 6780 4327

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