Chemical Business NewsBase: Chemical Market Reporter via NewsEdgeCorporation : 12/17/2001The supply/demand balance for glycerine is improving following a reductionin production of fatty chemicals and biodiesel. Glycerine is a co-productof biodiesel. Prices are rising, due to the tightening supply situation,particularly in Asia and Europe. There is strong demand for high end useof glycerine in food, cosmetics and pharmaceuticals. This balances fallingdemand for industrial applications such as alkyd resins and polyetherpolyols which are down 1%/y and 1.5%/y respectively. The glycerine marketis growing by 1.9%/ y. US demand in 2000 was 537 M pounds (+ 20% on 1999).Procter and Gamble is expanding its glycerine refining capacity.