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.
Updated to Q3 2019
Biodiesel demand in Q2 increased in domestic markets as the governments in Indonesia, Malaysia and Thailand pushed for higher blending requirements, supporting CPO prices and reducing growing stockpiles. Demand from export markets was generally stable due to lower requirements and favourable gasoil-palm oil spreads at times during the quarter when crude prices spiked.
RME demand is set to remain at fairly low levels throughout Q3, increasing again approaching winter. FAME 0 buying interest is likely to keep rising until mid-August, as the summer driving season peaks in the middle of Q3.
Supply in the Americas biodiesel markets will remain constant as the US Environmental Protection Agency set mandated blending volumes at the same level as previous years. The regulation, known as the Renewable Fuel Standard (RFS), will require fuel manufacturers to mix 2.1bn gal (7.9bn litres) of biodiesel in 2019 into the diesel fuel pool. Production will remain constant to fulfil the unchanged blending volume mandate.
Demand in the Americas biodiesel sector will remain constant as the US EPA set mandated blending volumes at the same level as previous years and refiners will only blend the volumes required by law, no more. The RFS will require fuel manufacturers to mix 2.1bn gal/year of biodiesel in 2019 into the diesel fuel pool. Supply will remain unchanged and will fulfil the blending mandate.
Biodiesel supply in Q3 is expected to be higher as Indonesian and Malaysian producers, and even those in Thailand, continue to try and meet increased buying interest from Asian importers. Both Indonesia and Malaysia have implemented higher domestic blending mandates, which are expected to support production. The palm oil harvest is likely to be largely stable from last year.
Biodiesel demand in domestic markets is expected to increase due to higher blending mandates, but export demand is expected to be slower due to seasonal factors. Buying interest, particularly from Europe, may be limited as market sources said material has already been booked and storage tanks are near full. Demand for discretionary blending in China remains unclear as crude oil prices react to geopolitical developments in the Middle East.
We offer the following regional Biodiesel analysis and news coverage to keep you informed of factors and developments affecting prices in the Biodiesel marketplace.
News & analysis
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.
Biodiesel is the name of a clean burning alternative fuel, produced from renewable resources. The most commonly used feedstocks are rapeseed, soy and palm oil.
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.