Low Malaysian palm oil prices see biodiesel hit biggest discount in four years

July 17, 2018 |

In Malaysia, Bloomberg reports that surplus palm oil supplies have seen the gap between biodiesel and fossil fuel prices reach the largest gap seen since 2014 with palm oil-based biodiesel reaching a discount of $124 per metric ton last Friday. The gap has since narrowed to $107 on Monday. With prices so low, exports could go as high as 380,000 tons this year. Export demand is typically triggered for discretional blending when the discount is above $100.

Category: Fuels

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