Refined glycerine prices have significantly dropped !
June 28th, 2022
CPO prices have dropped further this week reaching MYR 4,750 against July on MCDEX, which is a major fall supported by dropping soyabean oil prices being traded below 68 ct/lb on CBOT. With palm oil being now sold at a USD 200 pmt discount to gasoil, biodiesel production is running at full swing as well as the oleochemical industry, hence generating good refined glycerine volumes to be moved quickly. Material is therefore available for prompt shipment. Indonesia has passed a law prohibiting domestic workers to enter Malaysia with a view to easing the labour shortage problem in harvesting palm fruits. The country has also issued export permits for over 1.5 million tonnes of palm oil under its DMO scheme. Refined glycerine prices have therefore significantly dropped this week.
More News
November 28th, 2022
August 04th, 2022
March 15th, 2022
March 02nd, 2022
January 21st, 2022
November 13th, 2021
November 09th, 2021
October 19th, 2021
October 15th, 2021
October 11th, 2021
September 27th, 2021
June 24th, 2021
June 11th, 2021
June 07th, 2021
February 09th, 2021
January 12th, 2021
December 03rd, 2020
October 05th, 2020
September 04th, 2020