1. Almost all the glycerine price gains of the past two years have evaporated since July 2022, on the back of a surge in production occurring in conjunction with an erosion in demand. Many contracts at the end of QIII were booked at half the price agreed end of QII.
2. The food versus fuel debate, thought to jeopardise the future of biofuels was spectacularly dispelled as the polar opposite situation emerged. Discretionary blending, the sale of biodiesel outside of mandates, helped desperate vegetable oil producers’ clear excess stocks. This has generated abundant glycerine by-products.
3. The fight against inflation is damaging the consumption of glycerine. This is most visible in the virtual collapse of the glycerine to epichlorohydrin market. The conversion of crude glycerine into biogas in Europe has provided some welcome relief.
The complete analysis of the global glycerine market is now released. The Oleoline Quarterly Glycerine report in PowerPoint format provides graphs and tables which can be included in your own presentations.
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