Europe spot refined vegetable glycerine softens on healthy supply

05 December 2013 10:34 Source:ICIS News

LONDON (ICIS)--Spot European refined vegetable glycerine prices softened amid healthy availability, sources said late on Wednesday.

Spot refined vegetable glycerine values were assessed at €545-620/tonne ($736-838/tonne) FD (free delivered) NWE (northwest Europe), down by €5-10/tonne from the previous ICIS report.

“The market is still on the long side in terms of supply,” one source said.

“Supply in the refined vegetable glycerine market is quite long but we’re seeing good demand. Demand is growing but length is also growing,” another source said.

($1 = €0.74)

By Sarah Trinder