Crude and refined glycerin prices began feeling heavy a few weeks back, according to one market participant that likes to gauge domestic crude values in relation to Argentine/Brazil delivered prices to China. There hadn’t been much of any price movement to suggest he was correct at the time, but prices are beginning to stubbornly start to shift lower.
Glycerin pricing is generally cyclical to begin with, so seeing crude begin to dip is not unexpected. We are currently getting the majority of our reports indicating trades taking place in the mid 7 cents range, with some others showing values above and below that mark.
Refined glycerin has been more of a surprise to traders in that segment of the Market. Neil Camp with CLP Chemical says overall demand has slowed from what they had been seeing in April and May, with values settling in to more “normal levels.” Neil has been expecting…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...