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SCI99 Editor

Oct 9, 2024 17:17:06

AKD Market Saw Tentative Rises (Oct 3 - Oct 9, 2024)

East China AKD Market Prices

Unit: RMB/mt

Market

Sep 19 - Sep 25

Oct 3 - Oct 9

Change

Change rate

East China

17,000-17,500

17,000-17,500

0

0.00%

Feedstock: The palm oil market rallied this week, and the price of stearic acid followed the uptrend. As of October 9, the negotiation price of first-grade stearic acid was RMB 9,800-10,000/mt, up RMB 550/mt from September 30.

Supply-demand: Feedstock prices went up, exerting higher pressure on the AKD market. Some producers tried to lift the offers. However, downstream demand was average. The actual improvement in orders was limited.  

Price: As of October 9, AKD1840 market prices closed at RMB 17,000-17,500/mt in East China, averaging RMB 17,250/mt, stable from last week.

Forecast: Feedstock price hikes exert higher pressure on the AKD producers. Players need to pay attention to the demand recovery.

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