US glycerin supply and demand appear to be in a steady state, with values remaining range-bound, according to market sources speaking with Fastmarkets on Tuesday September 10.
“The crude glycerin market is still somewhat tight,” one trader said. “We think that prices may begin to trend higher over the next few weeks if biodiesel production slows.”
The price range for crude glycerin expanded slightly, to 8.5-12 cents per lb this week from 9-11 cents per lb last week. Softer values were seen on the US West Coast due to a weakening of export demand to Mexico. Midwest pricing remained firm and was quoted most often in the 9-12 cents per lb range.
“We are in tight shape for the third quarter and are focusing on fourth-quarter sales at this point,” a producer said, echoing sentiment for a firm spot market, adding that it was seeing kosher crude glycerin prices at 15 cents per lb.
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