Participants in the US glycerin market reported on Tuesday July 16 that there is a scarcity of crude glycerin supply. Several traders have mentioned issues with taking on additional contracts for the fourth quarter, with others saying they were also having issues with third-quarter contracts.
This coincided with several reports of biodiesel producers slowing production. Most plants that are said to be slowing or idling are of a smaller size, but this was still described as cutting supply. In at least one case, the idling is due to planned maintenance, and the plant is expected to continue operating at full capacity after the work is completed.
One biodiesel producer speaking with Fastmarkets said the Renewable Fuel Standard (RFS) mandate this year is too low relative to expanding capacity, adding that it is leading to a strong surplus of credit production. Overproduction narrows margins and creates economic challenges to produce biodiesel.
…
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...