US glycerin prices diverge as market debates supply through end of year

US glycerin prices diverge as market debates supply through end of year

US glycerin prices diverged slightly on Monday July 8 as market participants gave mixed views about how supply and demand could move in the second half of the year.

Kosher crude glycerin prices decreased but stayed at a premium over regular crude glycerin at a midpoint of about 11 cents per lb. Crude glycerin prices strengthened slightly on the week to a midpoint of about 8 cents per lb.

On one side, a few traders said that trade was tight due to uncertainty about supply through the end of 2024.

One trader believed that biodiesel production would not be encouraged in the second half of the year because production had already reached 70% of the mandated volume for the year and production margins are compressed.

A second trader said that “the market feels tight. I have had no luck purchasing [glycerin]… it wouldn’t surprise me if we found out that plants were going to start slowing down due to margins.”

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