Glycerin pricing has been stable and reports this week show prices rising slightly. The market has a history of volatility due in part to demand side economic highs and lows at home and in the export market, and to chaotic supply side issues with biodiesel production.
Biodiesel provides a steady supply of glycerin; every 100 pounds of biodiesel leads to 10 pounds of glycerol. Last year’s resurgence/renaissance in biodiesel production led to increased glycerin supply.
The market began to see a change in Q3/Q4 as margins began to decline. Biodiesel production slowed, as did glycerin supply. Prices started rising and there may have been an uptick in demand from the coal freeze industry.
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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...