European crude glycerine up by €15-30/tonne on tight supply

13 June 2013 10:32  [Source: ICIS news]

LONDON (ICIS)--European crude glycerine values have firmed on the back of tight supply, according to ICIS data on Thursday.

Crude glycerine values were assessed at €300-375/tonne ($400-500/tonne) FD (free delivered) NWE (northwest Europe), up by €15-30/tonne from the previous week.

Sources said low levels of European biodiesel production during the first half of the year have resulted in limited by-product crude glycerine supply, exerting upward pressure on prices.

($1 = €0.75)

By: Sarah Trinder
+44 20 8652 3214

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