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 2020
Production is expected to be adjusted in line with demand from both the domestic and overseas markets. There was no incentive for biodiesel producers in southeast Asia to build up inventories and to produce more than they can sell. Demand was expected to have bottomed out in Q2 and to recover in Q3 – or at the very least, to remain stable.
With the coronavirus-related restrictions largely easing in southeast Asia by the end of Q2, consumption of diesel is expected to continue to increase throughout Q3. Crude and gasoil prices had increased, closing the palm oil-gasoil price spread, although a gap remained by the end of Q2 and overseas demand remains absent. Players are wary of a second wave of coronavirus infections or another crude price war.
Biodiesel supply is likely to improve over Q3 as the market consumes stored volumes accumulated during the previous quarter. An uptick of European consumption could also prompt the Argentinian SME and Asian PME markets to start exports to the continent once again. RME availability could be impacted if interest from major crushing players continues to bet met with farmers’ reluctance to sell rapeseed materials in the market.
FAME 0 and PME are likely to be the preferred biodiesel of choice for European buyers during the peak summer driving season. Buying interest is expected to improve due to the summer driving season, with the key German market touted to drive demand recovery through Q3. It is likely that RME demand will not see a significant increase until at least Q4, with winter typically the peak season for RME.
Supply is expected to increase as easing lockdown restrictions, recovering production economics, and relatively low input variable costs permit more small, non-integrated producers to restart production to meet the federal mandate. Small producers are likely to restart as long as they can cover their production costs, supported by the $1/gal tax credit.
Demand is expected to increase as easing lockdown restrictions lead to more driving and diesel consumption. Although overall fuel demand is expected to be lower this summer than in recent years amid a macroeconomic downturn stemming from the pandemic, diesel consumption is generally higher during the summer vacation and road trip 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