US ultra-low sulfur diesel (ULSD) futures fell to a 15-month low on Wednesday August 21. Slowing economies in the US and China are weighing on markets and causing concern about the future, according to sources. A Fastmarkets survey of biodiesel producers showed prices to be following ULSD values lower.
Energy prices were pressured lower on Wednesday following a US Department of Labor report indicating job growth was overstated by 818,000 in the 12 months that ended in March. Slowing job growth is indicative of a constricting economy.
On August 15, the Chinese National Bureau of Statistics (NBS) showed housing prices in the country continued to decline, falling over 10% during the first seven months of 2024. This has caused the housing crisis in China to hit a 9-year low.
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09.18.2024
Waste plastic can improve SAF without increasing pollution, study says
Waste plastic can be used to improve sustainable aviation fuel (SAF), according to research announced on Monday September 16 by the Prairie Research Institute at the University of Illinois...
09.18.2024
US animal fats, oils prices mixed as DCO production hits 2-month low
US animal fats and oils markets saw mixed price movements on Wednesday September 18, with Gulf Coast markets firming as distillers’ corn oil (DCO) production levels dropped to a...
09.18.2024
US animal proteins prices steady; potential port strike could affect stocks, prices, sources say
US animal proteins markets were steady on Wednesday September 18.
Bloodmeal prices were reported to be flat day on day, though market sources continue to indicate underlying pressure, saying that...