East
China AKD Market Prices
Unit: RMB/mt
|
Market
|
Nov
28 - Dec 4
|
Dec
5 - Dec 11
|
Change
|
Change
rate
|
|
East
China
|
17,500-18,500
|
17,500-18,500
|
0
|
0.00%
|
Feedstock: The palm
oil market rose first and then dropped this week, and the price of stearic acid
was high. As of December 11, the negotiation price of first-grade stearic acid
was RMB 10,800/mt, stable from last week.
Supply-demand: The
trading atmosphere in the AKD market was insipid. Some trades intended to cut
prices to promote sales. However, as the stearic acid price was high, the
negotiation price seemed to climb.
Price: As of December
11, AKD1840 market prices closed at RMB 17,500-18,500/mt in East China,
averaging RMB 18,00/mt, stable from last week.
Forecast: Producers should pay
attention to the feedstock price trend and users’ procurements in the coming
period.