European crude glycerine values soften on healthy supply

14 November 2013 10:58  [Source: ICIS news]

LONDON (ICIS)--European crude glycerine values decreased amid healthy supply, sources said late on Wednesday.

Spot prices were assessed softer by €25/tonne on the low end of the range at €250-340/tonne ($338-459/tonne) FD (free delivered) NWE (northwest Europe).

“Stocks of crude are spilling over so sellers are trying to get rid of quantities,” one source said.

“Demand for crude is mostly covered – refiners have covered their needs,” the source added.

“Nobody is calling you asking for crude as tanks are full,” another source said.

($1 = €0.74)

By: Sarah Trinder
+44 20 8652 3214

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