The prices of Biodiesel witnessed a slight downturn in last week of June **** as the prices declined by *.** week-on-week. The market went through significant changes leading to change in the upward momentum seen in the previous week leading to a downward trend.
The market movement was primarily driven by geopolitical developments and European regulatory changes. The market witnessed significant volatility throughout the week reflecting the changing trade and market dynamics which ultimately amounted to downward momentum of the prices. Previous week gains were driven by the volatile energy market which fall back following the Israel-Iran ceasefire.
The manufacturers witnessed mixed market dynamics as ARA region Biodiesel barge premiums moved in mixed directions which further cemented the volatile market sentiments. The business confidence declined reflecting tightening supply expectations amid potential regulatory shifts. During the week, gasoil futures...
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