The ICIS global biodiesel report gives you the complete view of the global biodiesel market and ability to track the market movements, regardless of whether you are located in Asia, Europe or the Americas.
The comprehensive report enables you to quickly assess the markets and gain deeper insight on the ever-changing biodiesel markets.
Global biodiesel prices are also available via FTP.
Use ICIS information to:
- Analyse price drivers and fluctuations
- Make informed business decisions
- Confidently negotiate deals when doing business globally
Biodiesel Overview Transcript
In the US biodiesel is an emerging market. It was reduced to about 10% of its production capacity, as the Federal tax credit disappeared and has now reappeared.
With the reappearance of that, biodiesel is beginning to find its footing in the US market.
The material is highly dependent on the crude oil markets, it’s traded at a premium to heating oil, the spread on heating oil sets the prices for biodiesel that is, being looked at for basis on trading on spot market. There are no contracts in the US biodiesel markets at this time.
The market is also dependent on the crude-glycerine co-product and that material is also watched very closely for its availability for sales.
Most of the biodiesel in the US right now is traded at a premium, a spread to heating oil. The heating oil market, that has been the most successful area for domestic biodiesel sales as a blendstock it’s still finding its feet. It’s coming back into viability on the back of a reinstatement of the Federal tax credit $1/gal blender credit.
It’ll offer the players in the market more opportunity to find domestic sales for the product.
Biodiesel news and market information products from ICIS
We offer the following regional Biodiesel coverage to keep you informed of factors and developments affecting prices in the Global Biodiesel marketplace.
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News & Analysis - News & market analysis specifically relating to Biodiesel
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q2 2016
In Q2 2016, Asia’s market for palm methyl ester (PME) remained largely domestic-centric, supported by mandatory usage of biofuel in several producing countries. In contrast, export PME trade was subdued. At current ICE gasoil values, end-users in countries where biofuel usage is not mandated continued to shy away from PME, which they said is no longer economically viable for gasoil blending purposes. PME offers had held firm during the quarter, on the back of strong upstream feedstock crude palm oil prices.
With PME at a hefty $200/tonne or higher spread over current ICE gasoil values, end-users in countries that do not enjoy government subsidies for biodiesel usage found this hard to stomach.
Updated to Q2 2016
Trading activity in the European biodiesel market was generally sluggish throughout the quarter, with some slight flurries of interest.
Buy interest was lacklustre, with those in the German market saying towards the end of the quarter that they were buying biodiesel credits – or biotickets – instead of physical product as the prices were more attractive.
Supply was healthy, with some estimating operating rates in Europe to be at around 60-80% towards the end of the quarter.
Producers had previously lowered production because of poor margins but these were thought to have improved by June.
Prices were generally stable, with gains in crude oil and ICE gasoil fluctuating marginally. There was a slight price spike noted in early June amid firmer ICE gasoil prices and higher premiums for rapeseed methyl ester (RME) and fatty acid methyl ester (FAME) 0 but this subsided fairly quickly.
Higher premiums in early June were attributed to robust rapeseed oil prices as the end of the harvest approached.
Updated to Q4 2015
The US Environmental Protection Agency (EPA) released its final rule for renewable volume obligations (RVO) under the renewable fuel standard (RFS) on 30 November. The figures for biomass-based diesel were higher than the proposal released in May. The agency issued its biomass-based diesel RVO for years 2014-2017, while RVOs for all other categories – renewable fuel, advanced biofuels and cellulosic biofuels – were issued for 2014-2016. The final RVOs for biomass-based diesel are 1.63bn gallons for 2014, 1.73bn gallons for 2015, 1.9bn gallons for 2016, and 2bn gallons for 2017. Now, the fate of the $1/gal tax credit is the main focuses for players in the US market.
The ICIS global biodiesel report offers weekly spot prices and market developments on all mainstream grades of biodiesel in Asia, Europe, US and Argentina, all in one publication.
The report includes price quotes for rapeseed methyl ester (RME), soy methyl ester (SME), fatty acid methyl ester (FAME) and palm methyl ester (PME).
The spot price assessments are based on FOB (free on board) NWE (northwest Europe), FOB Rotterdam, CIF (cost, insurance & freight) ARA (Amsterdam-Rotterdam-Antwerp), T2, FOB Rosario, FOB Midwest, FD (free delivered) Midwest, FOB USG (US Gulf) and FOB SE Asia (southeast Asia).
In addition, it provides key transaction summaries and production news, including plant operating rates, new plant capacities, start-ups, scheduled and unplanned shutdowns.
Contract prices of feedstocks such as vegetable oil, ICE gasoil and crude glycerine are also included for reference.
All the price assessments are generated based on information collected from producers, distributors, traders and end-users, among other sources, collected by locally based editors throughout the week.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Biodiesel. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Biodiesel, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.