The Jacobsen’s weekly survey of the glycerin market found little change from the week prior. One buyer noted it has been “eerily quiet lately, but I’m was not having any problem purchasing material.”
Crude glycerin reporting is holding within last week’s parameters, at this point. Market uncertainty continues and questions continue to circle around renewable diesel production and margins.
Continued strength in domestic renewable diesel output, like the market witnessed in December, could threaten glycerin supply, given glycerin is a byproduct of biodiesel production. Domestic renewable diesel blending reached 273 million gallons during December, not only marking a record monthly high for 2023, but a monthly all-time. If RD production continues at this pace, it may pose problems for biodiesel producers and glycerin supply.
…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...