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 2020
Production is widely expected to be lowered in line with a global fall in consumption and demand. Although production will be supported in Malaysia and Indonesia by blending mandates, overall diesel production and consumption is likely to fall, which would in turn require less biodiesel for blending. Palm oil plantations might be forced to shut if there are further lockdowns imposed, but players expected sufficient available feedstock for biodiesel production.
Demand is projected to be weak for the next quarter and might even see limited recovery for the rest of the year, due to two reasons. Firstly, diesel consumption, and by extension biodiesel required for blending, is expected to fall due to various restrictions and measures imposed to curb the coronavirus pandemic. Secondly, the gasoil-palm oil spread will remain unfavorable for blending until the crude price war has stopped and gasoil prices have recovered significantly.
Supply will continue to fall as long as demand continues to plummet. The extent will depend on how long coronavirus lockdowns continue across Europe as well as glycerine prices and demand for some players. Plants could reduce output by as much as 70% in many cases or stop output entirely. The market is still likely to remain long given full storage units.
Demand will remain low in Q2, with road diesel suppliers in several countries looking to use winter fuel grades for longer at the pump as they work through existing inventories. Demand could be as low as 50% across Europe and 90% lower in some countries at any one time, depending on lockdown extensions. Some are expecting low demand beyond the quarter.
US Q2 biodiesel production is likely to continue decreasing, especially if crude oil prices remain depressed and continue to weigh on production margins. The continued spread of the coronavirus is also likely to weigh on production, decreasing demand for fuels during the spring and summer driving seasons.
US Q2 biodiesel demand is likely to decrease amid the continued spread of the coronavirus, especially if crude oil prices remain depressed, as low crude oil prices disincentivise fuels producers and sellers to buy any extra volumes outside their minimum requirements under the federal mandate.
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