East China AKD
Market Prices
Unit: RMB/mt
|
Market
|
Oct 10 - Oct 16
|
Oct 17 - Oct 23
|
Change
|
Change rate
|
|
East China
|
17000-17500
|
17000-18000
|
+250
|
+1.45%
|
Feedstock: The palm oil market rallied this week, and
the price of stearic acid increased further. As of October 23, the negotiation
price of first-grade stearic acid was RMB 10,100/mt, up RMB 100/mt from last
week.
Supply-demand: Feedstock prices continued to go up, exerting higher
pressure on the AKD market. However, the downstream demand did not improve
notably. AKD producers adopted different attitudes to the market. Some producers
held firm offers, while some tried to sell more goods. The negotiation space
widened.
Price: As of October 23, AKD1840 market prices closed at
RMB 17,000-18,000/mt in East China, averaging RMB 17,500/mt, up RMB 250/mt from
last week.
Forecast: Feedstock
markets are expected to stay at highs. The unit may operate stable. Players
need to pay attention to the demand recovery.