The price of raw materials is almost equal to that of finished biodiesel.

Biodiesel Network May 5th: According to our observation, the price of raw materials has approached or even exceeded the price of biodiesel. The raw materials referred to here are mainly waste oil and hydrophobic oil (also called hydrophobic oil); the market has been low since the year. The price status has been continuously pushed up by crude oil until recently. The biodiesel market is flat, and the market is still low and difficult to sell. The chemical market has risen slightly, but the increase is still less than the increase in raw materials.

At present, the operating rate of domestic biodiesel plants is extremely low. After all, the market is bleak, most of them are on the sidelines, and some are considering other ways. We have seen that a few manufacturers are undergoing transformation to deal with the current bleak market. In other words, biodiesel depends on the market or on the policy. For the time being, these two aspects are not conducive to the development of the biodiesel industry. ( Reprinted please indicate the source biodiesel network )

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