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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05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.