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SCI99 Editor

Oct 17, 2024 11:29:51

AKD Mainstream Market Price Held Steady (Oct 10 - Oct 16, 2024)

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.  

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