US refined glycerine Q4 contracts roll over

04 October 2012 20:57 Source:ICIS News

HOUSTON (ICIS)--US refined glycerine fourth-quarter contracts settled at a rollover from the third quarter, sellers said on Thursday.

Stable fundamentals underpinned the rollover, with supply basically balanced to US demand.  

“We are just into fourth-quarter, but prices are firm,” one supplier said.

Refined vegetable-based glycerine contracts were last assessed by ICIS at 38-46 cents/lb ($838-1,014/tonne, €645-781/tonne) FOB (Free on Board) midwest, with tallow-based contracts at 36-44 cents/lb FOB midwest. 

Monthly contracts at these levels recently were assessed at a rollover between August and September, setting the initial price sentiment for the quarterly assessments to move at a rollover.

“Recreational vehicle (RV) and anti-freeze (AF) de-icing sales continue to be good,” a seller confirmed.

Refined glycerine has over 1,500 known end-uses, including pharmaceuticals, food, personal care and industrial applications.

Producers include Procter & Gamble, Vantage Oleochemical, VVF, Twin Rivers Technology, Emery Oleochemical, Peter Cremer and Cargill.

By Judith Taylor