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.
…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...