Glycerin Update

Downward pressure on crude glycerin prices lifted recently, appearing to create a floor in the four to six cents per pound FOB range. Pricing has been somewhat volatile, periodically bobbing higher only slip back into the current range. Market pressures due to excess supply, lack of demand, or both, appear to be clearing up, but this has not led to push higher in prices, just a sense of stability, according to some traders.

The refined market continues to have issues.  Reports have refined values mostly in the 35 to 45 cents range and over supplied.  One trader noted that the economic incentive is not there for some of the larger consumers, leading to weaker than anticipated demand. The lack of refined demand contributes to some of the pressure crude pricing faces, leaving it unable to lift pricing in the short run.

Most market participants The Jacobsen spoke with this week indicated prices for 80 percent crude…