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 Q1 2021
Southeast Asian blending programmes are not expected to see any expansion in 2021 due to the persistently wide palm oil-gasoil price spread. Players were uncertain if and when the POGO spread could narrow to a more workable level for southeast Asian governments to consider moving to higher blends.
Export demand for southeast Asian PME biodiesel is expected to remain limited for a large part of the quarter, although some suppliers expect buying interest to emerge towards the end of the quarter as overseas blenders prepare to switch over from winter blends to summer blends, which allow a larger portion of PME. Domestic demand is expected to remain largely unchanged as governments maintained their blending levels.
Biodiesel supply levels are expected to remain low through Q1 as Europe’s struggle with the coronavirus continues to dent gasoil demand. A possible easing of lockdowns may coincide with the arrival of Argentinian-origin SME in Q1, volumes of which were traded in November 2020. Another potential spike in vegetable oil prices in Q1, combined with lockdowns-induced poor gasoil demand, could keep biodiesel production low across Europe.
The impacts of the coronavirus are anticipated to keep gasoil and biodiesel consumption low through Q1. Expectations surrounding UCOME buying interest are stronger compared with other biodiesel grades, hence possible easing of lockdown measures in the key German market will be crucial for demand recovery. The winter grades of RME and FAME 10 are also expected to garner buying interest through the colder Q1 months.
Updated to Q4 2020
Production is expected to decrease after the federal mandate on consumption is met. The federal mandate is typically met by the end of October, after which production typically falls. Squeezed margins amid relatively high feedstock costs against the backdrop of low petroleum crude oil prices will also discourage production.
Consumption is expected to decrease after the federal mandate on consumption is met. The mandate is typically met by the end of October. Lower consumption during the winter low season will be somewhat offset by a bump in trucking demand during the December holiday season.
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.
Rapeseed oil, fats and grease, crude palm oil