Biodiesel prices are currently exhibiting a divergent trend, with a decline noted in the European region due to low demand and increased palm oil production. Conversely, prices in the APAC region have seen an incline, driven by heightened demand from importing countries.
In the APAC region, specifically in South Korea, Biodiesel prices demonstrated an upward trajectory during the week ending on March xst. The Biodiesel UCO FOB Busan prices increased by x.xx, climbing from USD xxxx/MT to USD xxxx/MT. Both output and new orders within the manufacturing sector experienced growth, contributing significantly to the overall upswing in Biodiesel prices. Despite a slowdown in export orders due to diminished demand from importing countries, the domestic demand in South Korea remained robust. This resilience in domestic demand resulted in only a marginal increase in prices. Furthermore, backlogs of work increased, albeit with smaller advances in activity and demand. In...
