The market is anticipating higher glycerin prices moving into the end of 2023 and through the first quarter of 2024. Demand is expected to rise as temperatures drop and the holiday season settles in. Seasonal demand is seen increasing within the pharmaceutical and cosmetics industry.
Falling temperatures will activate the coal freeze industry to begin utilizing stored glycerin and could have them entering the market to replenish supply. Although, a number of contacts indicated that coal freeze applications are currently carrying high inventories. If true, this could postpone, or limit, the cyclical price push that has been correlated to this sector.
Poor biodiesel margins have been mentioned by several traders and producers as a likely reason price might be rising. Poor margins are expected to slow domestic biodiesel production heading into the first quarter of 2021. This will reign in glycerin supply and help to buoy pricing in the near term.
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05.06.2024
Strong biodiesel production seen weighing on crude glycerin prices
The whispers of declining biodiesel production are meeting with resistance. Some observers have been sounding the alarm regarding declining production for over a year now, but if true, biodiesel...
05.06.2024
Average weekly hog slaughter to decrease into mid-June: Fastmarkets’ research team
Distillers’ corn oil (DCO) prices fell to 42-43.5 cents per lb delivered US Gulf on Monday May 6 for May-June shipments. There was additional trading reported on the same...
05.06.2024
Year-to-date commercial cattle production falls 2.30% y-o-y
US animal proteins prices were steady on Monday May 6. Limited trade was reported, with several market participants only testing prices, Fastmarkets heard.
US hog slaughter
Fastmarkets research...