East
China AKD Market Prices
Unit: RMB/mt
|
Market
|
Oct
3 - Oct 9
|
Oct
10 - Oct 16
|
Change
|
Change
rate
|
|
East
China
|
17,000-17,500
|
17,000-17,500
|
0
|
0.00%
|
Feedstock: The palm
oil market fluctuated at highs this week, and the low-end price of stearic acid
decreased. As of October 16, the negotiation price of first-grade stearic acid
was RMB 10,000/mt, up RMB 100/mt from last week.
Supply-demand: Feedstock
prices were high, exerting higher pressure on the AKD market. However, the downstream
demand did not give sufficient support to the market. Producers maintained stable
offers and downstream players replenished stocks based on rigid demand.
Price: As of October
16, 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 markets
are expected to underpin the market. The unit may operate stable. Players need
to pay attention to the demand recovery.