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.
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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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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 2017
Although biodiesel prices in Europe have recovered from the lows seen towards the end of Q2 this year, they still tend to be on a downward trend. Production margins for rapeseed methyl ester (RME) in particular have been under pressure amid the approach of the end of the current rapeseed crop. This leant upward momentum to feedstock rapeseed oil prices and made it difficult for producers to make a decent margin.
There has been suggestion that biodiesel production has slowed as a result of the poor margins on offer, but there has been little evidence on tightening supply in the market. This could be because demand has been fairly lacklustre, with crude oil prices too low to prompt discretionary blending of biofuels and buyers generally purchasing more on a spot basis.
Demand for fatty acid methyl ester (FAME) 0 tends to be stronger in the summer months and buying interest in RME tends to be weaker, as it has a low cold filter plugging point (CFPP) more suitable for use in colder temperatures.
Updated to Q1 2017
In the US, the renewable fuels industry was sent into turmoil in the first quarter following the Trump administration’s memorandum Regulatory Freeze Pending Review.
The Freeze ordered the EPA to temporarily delay regulations published in the Federal Register between 28 October and 17 January.
The EPA released its final rule to set 2017 renewable volume obligations under the renewable fuel standard, along with 2018 RVOs for biomass-based diesel on 23 November.
Additionally, the industry was thrown into further disarray after a national advocacy group said a Trump official told them the president would sign an executive order shifting the burden for blending ethanol and biodiesel into the nation’s fuel supply from oil refiners to fuel retailers.
The move would hurt farmers and consumers by restricting the widespread use of ethanol and biodiesel.
There was discussion over the possibility of a backroom deal between the Renewable Fuels Association and Trump adviser Carl Icahn, a billionaire investor in CVR Refining, a Texas energy company.
If the renewable fuels executive order happens, the biodiesel industry would see serious repercussions.
Biodiesel production, which generally restarts in late February after spring maintenance, is not expected to ramp up until at least April, if then.
Most biodiesel plants are seeing negative margins and some do not expect that to change even into the second quarter.
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.