{"id":54982,"date":"2018-07-26T07:26:51","date_gmt":"2018-07-26T05:26:51","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=54982"},"modified":"2018-07-24T17:38:09","modified_gmt":"2018-07-24T15:38:09","slug":"us-glycerine-market-finely-balanced-in-h2-2018","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/us-glycerine-market-finely-balanced-in-h2-2018\/","title":{"rendered":"US glycerine market finely balanced in H2 2018"},"content":{"rendered":"

The US glycerine markets\u00a0are seeingfinely\u00a0balanced\u00a0supply\/demand\u00a0dynamics as the second half of 2018\u00a0ramps up.<\/strong><\/p>\n

Market participants are trying to gauge supply tightness in coming months, and the supply\/demand balance is delicate.<\/p>\n

With most US producers across\u00a0the vegetable and tallow tiers\u00a0sold out\u00a0and fully contracted for\u00a0the third quarter, there is discussion that any supply disruption could push pricing up in coming months.<\/p>\n

\u201cThere was a Midwest producer who had a plant issue in the first quarter, and that caused some of their buyers to frantically try to source material and was one of the\u00a0reason\u00a0the market tightened up so quickly in Q1,\u201d a\u00a0seller said.<\/p>\n

While the domestic\u00a0supply situation remains\u00a0snug, spot markets globally are starting to reflect the easing supply situation.<\/p>\n

Glycerine supply continues to lengthen\u00a0in southeast Asia with biodiesel producers\u00a0ramping up production due to higher biodiesel demand as a result of a narrower price gap between palm oil and gasoil.<\/p>\n

In Europe,\u00a0a\u00a0crude\u00a0oversupply\u00a0situation\u00a0may ease in the fourth quarter, with less upstream biodiesel imports set to arrive into the European Union due to uncertainty over duties.<\/p>\n

Looking to South America, many\u00a0market players will be closely watching the outcome of the\u00a0Argentine biodiesel trade fight with Europe.<\/p>\n

Biodiesel producers and glycerine refiners in Argentina expect the EU to stop importing biodiesel\u00a0in the second half of the year\u00a0by imposing new tariffs in September or October.<\/p>\n

The European\u00a0Commission (EC) announced earlier in May that any biodiesel imports from Argentina will be registered from 24 May for the next nine months. This is in order to retroactively impose tariffs on those imports if the current anti-subsidy case finds biodiesel from the country is being\u00a0subsidised.<\/p>\n

Most biodiesel plants produce crude glycerine at a 1:10 ratio, while additional costs will have to be incurred to process the product into refined glycerine for higher value application.<\/p>\n

Argentine biodiesel and crude glycerine production\u00a0was\u00a0sharply affected when the US imposed tariffs\u00a0on Argentine biodiesel in November 2017.<\/p>\n

Tarriffs\u00a0on Argentinean biodiesel were set\u00a0at over\u00a072%, as required by the US Department of Commerce in November 2017.<\/p>\n

Following the closure of the US biodiesel market to Argentine volumes,\u00a0biodiesel\u00a0production in Argentina declined by 20.5% in Q3 2017, according to the nation\u2019s statistics agency (INDEC).<\/p>\n

The Argentine\u00a0biodiesel sector expects to export about 700,000\u00a0tonnes\u00a0of biodiesel\u00a0to Europe in 2018, but this\u00a0impending decision by the EC\u00a0could derail those import plans for the South American biodiesel giant, which would\u00a0affect global glycerine supply and could\u00a0see tighter supply in an already\u00a0delicately balanced market.<\/p>\n

US refined glycerine suppliers include Procter & Gamble, Vantage Oleochemical, Emery Oleochemical, Twin Rivers Technology, Peter Cremer North America, ADM, Cargill, Owensboro Grain, Louis Dreyfus and Future Fuels among others.<\/p>\n

Major importers include Wilmar, Acme-Hardesty and several trading groups.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US glycerine markets\u00a0are seeingfinely\u00a0balanced\u00a0supply\/demand\u00a0dynamics as the second half of 2018\u00a0ramps up. Market participants are trying to gauge supply tightness in coming months, and the supply\/demand balance is delicate. With most US producers across\u00a0the vegetable and tallow tiers\u00a0sold out\u00a0and fully contracted for\u00a0the third quarter, there is discussion that any supply disruption could push pricing up […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5838,12583],"supplier":[2317],"class_list":["post-54982","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-glycerine","supplier-european-commission"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/54982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=54982"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/54982\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=54982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=54982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=54982"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=54982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}