East
China AKD Market Prices
Unit: RMB/mt
|
Market
|
Dec
5 - Dec 11
|
Dec
12 - Dec 18
|
Change
|
Change
rate
|
|
East
China
|
17,500-18,500
|
17,500-18,500
|
0
|
0.00%
|
Feedstock: The palm
oil market dropped this week, and the price of stearic acid inched down. As of December
18, the negotiation price of first-grade stearic acid was RMB 10,650/mt, down
RMB 150/mt from last week.
Supply-demand: Downstream
users’ acceptance degree was low. Producers cut the price to sell more goods.
Feedstock prices remained high after a dip. As the cost was high, more traders
raised their offers.
Price: As of December
18, 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.