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
refined product offered for 2019.
Market players will continue to closely watch
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.