Market Activity

Packer and renderer BFT were offered lower this afternoon, both at $0.2650. There was interest to buy at $0.2700, but for March arrival material. Sellers have been unwilling to move product at that price for Feb shipment. Demand from the chemical industry looks strong for Feb and March and lower prices now are likely a short-term dip before values pick back up in the not too distant future. The relative price of packer BFT to SBO is at 81% for the month, 6 points…