Weekly Glycerin Update
The Jacobsen’s weekly survey of the glycerin market found crude and kosher crude prices edging higher to begin the week. Reports indicate the supply of crude glycerin may be tightening, depending on where one sources their glycerin. Several market participants noted that at least two larger producers are having trouble moving biodiesel, which is slowing or temporarily stopping production.
Reduced production at these facilities along with previously reported production cutbacks, has left supply thinner than some had been expecting. However, several traders have also mentioned they have not been trading any glycerin now, possibly making the reduced supply, more of perceptual problem than a market problem.
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