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)
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