Glycerin prices in the US remain relatively weak due to patchy fluctuations in supply and demand. Demand for glycerin, which had been extremely strong, has reduced following the post-COVID economic slowdown in China. Supply, on the other hand, continued to grow with advancing US biodiesel production through Q2 2023. Recently, the domestic US biodiesel market has seen production slow, allowing merchant stockpiles of glycerin to begin to drawdown.
Traders speaking with The Jacobsen have mentioned over the past couple of months that crude glycerin prices have likely bottomed. However, the outlook on the refined side seemed less transparent with an abundance of glycerin suspected of still being warehoused.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...