Glycerin values are holding mostly steady again this week. Prices have been slowly rising since the second quarter of the year. Domestic biodiesel production was much stronger, especially across the first quarter, which helped to inflate inventory levels. Demand for glycerin has been soft in Asia, and Europe has been seen working through many of the same demand issues seen domestically in the U.S.
Crude glycerin prices are starting to firm according to several traders speaking with The Jacobsen. Therefore, we are narrowing our range this week to five to six cents per pound for crude glycerin values. Kosher crude prices are also holding steady according to some market participants. We are seeing the seven-to-nine cents range as catching the bulk of the kosher crude trades. There has been some market chatter about prices edging higher in Q4. Let us know your thoughts and what you are seeing in the market.
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