US tallow refined glycerine rolls over for Q4

Source: ICIS News


HOUSTON (ICIS)-- US fourth quarter tallow refined glycerine contract negotiations concluded sources said on Thursday and contracts are assessed for the quarter.

Fully certified US pharmacopeia (USP) tallow refined glycerine was assessed at a rollover as ranges were heard in the 45-53 cents/lb ($992-1,168/tonne) range FOB (free on board) basis in the US Midwest.

US producers across the tallow tier are fully contracted for the fourth quarter with very limited or no spot volume to be available during the last quarter of the year.

In some accounts, prices for the quarter were above and below the assessment, but the assessed ranges were considered a representative range for medium-sized buyers.