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.