Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of biodiesel output — in the Midwest.
On the West Coast, there is a shortage of crude glycerin, which has been supporting prices.
US Midwest glycerin prices have been fluctuating in the range of 5-8 cents per lb. Producers with limited storage and strong production have had to sell glycerin at a discount to keep biodiesel volumes flowing, sources told Fastmarkets.
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Fastmarkets' research team...