Entering August, the stearic acid market ushered in the most "fire" month of the year. The data shows that the market price of stearic acid rose by 3 times during the month, and the cumulative increase rate was about 500 yuan/ton. Although the current stage is in the off-season of downstream demand, the price of stearic acid continues to rise. What are the reasons?
According to Longzhong Information Analysis, the main reason is driven by the sharp rise in the price of raw palm oil. At present, the stearic acid market in China is mainly imported stearic acid and domestic stearic acid. Most of them use palm oil as the main raw material. The price of palm oil has a direct impact on the market of stearic acid.
As can be seen from the price chart of raw palm oil, palm oil began to bottom out at the end of July 2019. As of August, the cumulative increase was about 400 yuan / ton. On the 26th, the raw material price reached the highest in the year. As of the close, the main contract of palm oil futures rose 126 yuan / ton, an increase of 2.59%, the highest price reached 5034 yuan / ton. What is the reason for the surge in raw materials?
First, South American soybeans have risen sharply, import costs have risen, and soyoil prices have risen. Second, the escalation of Sino-US trade issues, the current rainy and cold weather in the Northeast, boosting the price of soybean oil, palm oil as a substitute for soybean oil, the price is higher.
It is expected that in the short term, the stearic acid market is still likely to rise, the production of raw palm oil is reduced, and the downstream is about to enter the peak demand season. buy dimethyl carbonate In the short term, the stearic acid market is favored. It is recommended to continue to pay attention to the price of raw palm oil.
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