- Global Oleic Acid prices followed a mixed-to-soft trend during Q1’26 as sufficient regional availability and cautious procurement outweighed firm palm-kernel-linked feedstock sentiment in several markets.
- Feedstock support remained firm due to tight crude palm kernel oil inventories and elevated freight costs after the Strait of Hormuz disruption increased landed-cost pressure globally.
- Downstream demand from soaps, detergents, surfactants, cosmetics, lubricants, and personal care products remained stable, although buyers largely followed need-based purchasing strategies.
Asia
In Asia, Oleic Acid prices showed mixed movements during Q1’26 as regional supply conditions varied across importing countries. In China, prices declined by approximately 5.9% from January to March due to comfortable inventories and cautious downstream buying despite steady oleochemical demand. In Japan, prices decreased by nearly 6.8% amid subdued industrial procurement and stable supply availability. However, India recorded a 3.5% increase as steady import demand and higher shipping expenses supported market sentiment. Malaysia’s crude palm kernel oil production rose to 162,127 tonnes in March, while stocks declined to 339,687 tonnes, reflecting firm downstream offtake from oleochemicals, soaps, detergents, and confectionery applications. Higher freight and insurance costs linked to the Iran conflict and Strait of Hormuz disruption further increased regional replacement costs.
Europe
In Europe, Oleic Acid prices declined by around 8% during Q1’26 as weak industrial sentiment and cautious procurement outweighed elevated import replacement costs. The region remained dependent on imported lauric oils and palm-based derivatives for oleochemical and personal care manufacturing. Although freight and insurance costs increased after Middle East disruptions, moderate demand from detergents, cosmetics, fatty acids, and specialty fats limited stronger price support.
North America
In North America, Oleic Acid prices fell by approximately 5.5% during Q1’26 due to balanced supply conditions and measured downstream procurement. Demand from surfactants, soaps, detergents, cosmetics, lubricants, and specialty food applications remained relatively stable, while import reliance kept the market exposed to elevated Asian freight and shipping risks. Higher logistics costs prevented sharper declines despite sufficient material availability.