Glycerin prices in the US remain relatively weak due to patchy fluctuations in supply and demand. Demand for glycerin, which had been extremely strong, has reduced following the post-COVID economic slowdown in China. Supply, on the other hand, continued to grow with advancing US biodiesel production through Q2 2023. Recently, the domestic US biodiesel market has seen production slow, allowing merchant stockpiles of glycerin to begin to drawdown.
Traders speaking with The Jacobsen have mentioned over the past couple of months that crude glycerin prices have likely bottomed. However, the outlook on the refined side seemed less transparent with an abundance of glycerin suspected of still being warehoused.
…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...