04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
The International Market
China
Last week was on the quiet side with most tanneries shut down until February 28 or early March for the CNY holiday.
The US West Coast port issue is causing problems for many Chinese buyers. Some have opened LCs, but have received neither their hides nor even a confirmed shipping schedule on LCs issued weeks ago. To put the situation into perspective, one buyer asked, “Why should I keep buying hides while I have…