Producers, buyers and traders of glycerin in the US appeared to agree that prices are moving higher this week. One buyer speaking with Fastmarkets said, “The market feels tight on supply, as spot volume is short, and prices are a bit steeper for immediate ship volumes.”
A kosher crude glycerin producer agreed with the buyer’s sentiment, saying, “We haven’t been too active in the third-quarter market recently,” adding they expect to raise kosher crude prices for the fourth quarter to $0.20 per lb.
Market reports indicated that railcars of glycerin were trading above $0.10 per lb. Several traders and producers said that $0.10-0.12 per lb is a common range for spot market prices.
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