BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Agriculture

Argentina cuts biodiesel prices for oil refiners in December

Refined Products | Gasoline

Gasoline keeps flowing from US refineries despite a huge cut to profits

Agriculture | Biofuels

Biofuelscan

Agriculture | Electric Power | Natural Gas (North American) | Oil | Metals | Petrochemicals

North American Digital Commodities Summit, 2nd Annual

Agriculture

China resumes purchases of US soybeans

Argentina cuts biodiesel prices for oil refiners in December

Buenos Aires — Argentina's Energy Secretariat cut the price of biodiesel supplies for mixing intodiesel in December, the first reduction in more than a year, according to data released Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The price of biodiesel, made from soy oil in Argentina, was reduced 4.6% to Peso 26,832/mt ($712.95/mt), effective December 1, from Peso 28,112/mt in November, the department said in a statement.

The department did not give reasons for the changes, which it makes monthly to reflect fluctuations in the cost of producing the fuel additives. The last cut was in May 2017. Refiners buy all of their biodiesel supplies from local producers to meet a 10% blend in diesel.

Biofuel industry groups had been demanding higher prices, saying that a contracting economy, fast inflation, 60%-plus borrowing rates and a more than 100% depreciation of the peso against the dollar this year have pushed up costs and dampened profits.

The economy is poised to contract 2.4% this year and inflation to surpass 44%, according to economists surveyed by the central bank.

For oil refiners, the lower cost of the biofuel additives comes as they bring down retail prices in line with a recent decline in crude prices, easing pressure on their margins.

The biggest refiner is state-run YPF, with a 55% share of diesel and gasoline sales, trailed by Shell-backed Raizen, BP-backed Pan American Energy and Trafigura. -- Charles Newbery, newsdesk@spglobal.com

-- Edited by Annie Siebert, newsdesk@spglobal.com