Source: Jin Lianchuang
Lead: Spot prices of biofuels in Europe have rebounded, and raw materials in the domestic market have been deadlocked.
On Wednesday (May 22), the raw material market was consolidated sideways, and the market weighed customs disclosurescelebrityfamilyfeud2022Biofuel-related data.
Raw material market:
The raw material market continues to be horizontally organized, with limited price shifts. Social waste oil collection and processing units purchase in limited quantities. Some areas still show signs that port and social purchase prices are at the same level or even upside down. The continued weakness of port prices affects the enthusiasm of waste oil collection and processing factories to receive goods. Some areas still face pressure from environmental protection inspectors, while some areas are reported to have been affected by safety incidents.
Biodiesel Market:
Recently, Jinlianchuang Biofuels Research Group evaluated the export performance of China's HVO products in April. The overall analysis can be found in the regular analysis. In addition, we found that the previous HVO export transactions to Japan in March disappeared, and it is currently impossible to judge whether the Japanese market can continue to purchase Chinese HVO products. However, previous export traces indicate that with the expansion of Japanese biodiesel application scenarios, China's HVO and even broader biofuel products may become a potential target procurement market for Japan.
