- Palm stearin markets remained soft to stable during Q2’26 as improving Southeast Asian supply reduced procurement pressure and kept buyers cautious.
- Better availability across the wider palm complex eased feedstock concerns, while steady processing output limited the scope for sustained cost-driven increases.
- Soap, detergent, oleochemical and industrial-fat demand remained steady, but buyers avoided aggressive restocking as regional supply conditions improved.
In Malaysia, the average monthly prices of Palm Stearin stood at ~USD 1,109/MT (FOB) in June, the lowest across the tracked regions. Malaysian conditions remained comparatively soft during Q2 as improving palm-derived oil availability and steady refinery operations increased material accessible to regional buyers. Wider Southeast Asian supply also strengthened, with USDA estimating Malaysian palm kernel oil production at 2.22 million MT and exports near 1.15 million MT for 2025/26. Although palm kernel oil is not a direct feedstock for palm stearin, the increased availability across related palm-based oils reduced substitution pressure within oleochemical and soap applications. Palm Stearin in India was assessed at an average of ~USD 1,176/MT (CIF) in June. Indian values remained higher because of freight and import costs, while soap, detergent and industrial-fat demand provided support. The average price of Palm Stearin in China came in at ~USD 1,119/MT (CIF) in June. Chinese buyers maintained need-based purchases as adequate regional supply reduced urgency to rebuild inventories.