US vegetable refined glycerine settles for Q4 at a roll over

Source: ICIS News

2018/10/11

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

Fully certified US pharmacopeia (USP) vegetable refined glycerine was assessed at a rollover as ranges were heard in the 45-55 cents/lb ($992-1,213/tonne) range FOB (free on board) basis in the US Midwest.

There is discussion about lower-priced imported USP vegetable
refined product offered for 2019.

Market players will continue to closely watch the Indonesian
biodiesel ramp-up.

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.