The competitiveness of biodiesel has begun to weaken, and the trend of raw materials is unstoppable.

Biodiesel Network July 17th: As crude oil prices continue to operate at low levels, diesel prices are also at a lower level, biodiesel competitiveness has begun to weaken, which will inhibit the increase in demand for biodiesel, thereby inhibiting The terminal demand of soybean oil (mainly using soybean oil for biodiesel, domestic is the waste oil), the recent low price of crude oil will weaken the support for soybean oil prices, and the weak crude oil price makes the rebound support factor of soybean oil weaken. Under the influence, soybean oil has a small decline (the overall trend of the price of the waste oil is down, which is certain in the short term); the demand of other chemical markets is also limited, and the overall chemical market is not very good, and the trend is irreversible in the short term. . (Biodiesel network view, for reference only)


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