17 November 2013 21:18 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--Refined glycerine supply and demand are finely balanced in Colombia as sellers look to gain higher margins in the export market, a regional market player said on Sunday.
Most of the domestically produced refined glycerine supply is destined for export where the sellers get higher prices, the source said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting
Buyers in Colombia have to balance their production and demand because the alternative, importing product, would mean even higher costs, the source added.
End-use segments in food and beverages, tobaccos, pet foods and industrial tiers are all said to be performing well and underpinning the snugness in the refined segment.
US refined glycerine suppliers include Procter & Gamble, Vantage Oleochemical, Emery Oleochemical, Twin Rivers Technology and Peter Cremer North America.
Major importers include Wilmar, Acme-Hardesty and several trading groups.
The APLA conference ends on Tuesday.
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