During the week ending June xx, xxxx, several pivotal factors contributed to the decline in Biodiesel prices across the APAC region. The downward trend was primarily driven by a significant drop in demand from Europe and other importing countries, strategic manoeuvres by traders, and seasonal adjustments in Biodiesel usage. This situation was aggravated by several factors, including various EU regulatory measures, regional oversupply, and weak demand, all of which increased the downward pressure on Biodiesel prices in the region.
During the week ending June xx, xxxx, Biodiesel prices in the Chinese market dropped by xx, from USD xxxx/MT to xxxx/MT. This marks the third consecutive week of decline, primarily due to a downturn in the Palm Oil market. The weakening of Palm Oil prices has significantly impacted the Biodiesel market. Additionally, strained EU-China relations threaten to escalate into a trade war, with the potential for severe deterioration...
