Refined Glycerin Prices Expected Rise

Refined Glycerin Prices Expected Rise

The phrase “a rising tide lifts all boats” is a metaphorical expression implying one general outcome tends to impact others within the market. In this case it is rising ocean freight values. According to a refined glycerin trader, “ocean freight prices have increased 200 percent in the last three weeks due to all the issues in the Red Sea.”

While most shipping of refined glycerin does not travel through the Red Sea, it has been noted that the shipping industry has been able to use this instance to raise pricing across the board. This is expected by many in the industry to trickle through to refined glycerin prices within the next few weeks.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

US animal fats and oils end week softer across the board ahead of holiday slowdown

Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

12.20.2024

December cattle on feed down on month, year

December cattle on feed down on month, year

Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.

The only significant price...

Latest Tweets