Regional volatility in the southern US during August 12-14 has shaken the perceived steady state of higher prices for glycerin in the week ended August 9, Fastmarkets heard.
Softening exports to the US South and several trades around $0.08 cents per lb have expanded the trading range this week for crude glycerin.
A producer speaking with Fastmarkets said they had to reduce their price because “a couple of Mexico customers were slowing production, requiring less glycerin.”
A trader noted a somewhat weaker market, saying they purchased several railcar loads at $0.08 per lb, but they thought that was on the low end of their purchasing spectrum, estimating the market at $0.075-0.11 per lb and feeling that the market was trending higher.
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