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 Q2 2021
Southeast Asian biodiesel production tends to track domestic and overseas demand. With capacities exceeding consumption at the moment, biodiesel producers will be able to increase their production to meet any increase in demand. Domestic demand is assured due to blending mandates. The smaller palm oil-gasoil (POGO) price spread also means smaller financial burdens on the respective governments to subsidize the mandates.
Renewed interest in southeast Asian biodiesel from Chinese and European buyers seen by the end of the first quarter should continue into the second. The buy-sell gap is at one of its narrowest points in the past year, though recent fluctuations in palm oil prices could hamper discussions. Although there are no concrete plans to increase domestic blending levels in southeast Asia, players at least expect blending mandates to be maintained at present levels.
Biodiesel supply levels are expected to improve slowly through Q2 as Europe aims to ease coronavirus-related movement restrictions in a staggered manner. Arrival of Argentina-origin SME, along with UCOME and PME from Asia through Q2 is expected to boost FAME 0 availability ahead of the summer driving season. Volatility in vegetable oil prices is expected to persist amid supply concerns, which may continue to cause production margins-related challenges for producers.
The impact of the lockdowns is expected to keep gasoil and biodiesel consumption relatively constrained through the start of Q2. Easing of lockdowns in the key markets ahead of the summer driving season is expected to boost gasoil and biodiesel demand recovery in a staggered manner across Europe. The summer grades of FAME 0 and UCOME are expected to dominate spot buying interest. Volumes purchased for exports to the US could also possibly materialise in Q2.
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.
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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.
Rapeseed oil, fats and grease, crude palm oil