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…
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