Tight supply prompts firmer spot prices for Europe glycerine

17 July 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--Tight supply of crude glycerine and refined glycerine has prompted firmer spot pricing, according to sources on Wednesday.

Spot values for refined vegetable glycerine are assessed at €680-730/tonne ($895-961/tonne) FD (free delivered) NWE (northwest Europe), up by €10-20/tonne from last week.

Crude glycerine spot prices increased by €50/tonne on the high end of the range to €350-450/tonne FD NWE.

Low levels of biodiesel production in Europe have meant that less by-product crude glycerine is available for refining into vegetable glycerine.

“A lot of producers are sold out of refined vegetable glycerine,” one source said.

“It’s also hard to get crude glycerine. The market is likely to be difficult until September or October,” the source added.

($1 = €0.76)

By: Sarah Trinder
+44 20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly