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Southeast Asian palm methyl ester biodiesel spot prices were stable at $580 to $630 per tonne FOB for a second week, ending July 11. Buying from China was limited and producers would not offer cargoes below $610 per tonne.
Producers are directing most output to domestic blending mandates, leaving little for export.
A subdued export market reduces demand for palm-based feedstock in the region. Strong domestic blending mandates limit how much this weighs on palm oil prices.
echemi.comICISJul 12, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
