RBD Palm Kernel Stearin Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of RBD Palm Kernel Stearin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

RBD Palm Kernel Stearin Price Trend for the Second Half of 2023

RBD Palm Kernel Stearin or Refined, Bleached, and Deodorized Palm Kernel Stearin is produced by fractionation of RBD Palm kernel oil. So, the price trends for RBD Palm Kernel Stearin are in direct alliance with the market trends of feedstock RBD Palm Kernel Oil. During the second half of the year 2023, the market performance was largely unsatisfactory. The key supplying East Asian countries of Indonesia and Malaysia saw a surge in palm production this year.

RBD Palm Kernel Stearin Price Chart

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Because of this, the global RBD Palm Kernel Stearin market saw a supply surge, which forced suppliers to reduce prices to promote the purchase sentiments. The freight curtailments of the latter Q4 provided some reverse backing. However, the price graph was still largely found to be wavering at the lower side of the curve.

Analyst Insight

According to Procurement Resource, the RBD Palm Kernel Stearin prices will look for stabilization, and the ongoing EL Nino is also expected to affect production negatively, so the market projections are positive for the coming year.

RBD Palm Kernel Stearin Price Trend for the First Half of 2023

RBD Palm Kernel Stearin continued its dull market run in the first half of the year 2023 as well. With heavy stockpiles and faint demands, the market didn’t have much scope to redeem itself. Even though events like the Chinese Lunar New Year provided a momentary push because of the temporary rise in demands from the food and beverage sectors. Otherwise, the consumption patterns were consistently unsatisfactory.

The feedstock palm kernel stearin prices were also riding low and, coupled with the rapid normalization in energy prices and global trade structures, failed to provide any substantial upstream cost support. Overall, muted market sentiments were observed.

Analyst Insight

According to Procurement Resource, the RBD Palm Kernel Stearin market does not look like it will improve soon as the inventory stocks are high, and the production cost is also lacking support.

RBD Palm Kernel Stearin Price Trend for the Second Half of 2022

RBD Palm Kernel Stearin is obtained from its feedstock Palm Kernel Stearin, so their price trend align closely. Nonetheless, the production cost is a little higher for RBD Palm Kernel Stearin since the processes of refining, bleaching, and deodorizing take extra steps and time.

During the last two quarters of the year 2022, the RBD Palm Kernel Stearin market observed fluctuating price trend with an inclination toward the lower side. The steady opening of the Chinese market after a long time gave some early support, but with the heavy influx of supplies amidst high global inflation, inventories leveled up very quickly and started dominating the RBD Palm Kernel Stearin market dynamics. Overall, dull market sentiments were observed.

Analyst Insight

According to Procurement Resource, given the current market dynamics, the RBD Palm Kernel Stearin prices are likely to continue swinging on the lower side.

RBD Palm Kernel Stearin Price Trend for the First Half of 2022

The prices of RBD Palm Kernel Stearin are directly influenced by the price of crude palm kernel oil. With the absence of Ukrainian oilseeds from the market, the entire oilseed and oil industry came under pressure to satisfy the increased demand from Europe.

The price of soybean and palm oil exploded globally. The Indonesian export ban amid the poor-quality harvest from Malaysia and Latin America further caused palm oil prices to soar uncontrollably.

The price of the Bursa Malaysia Derivative palm oil averaged a staggering 1942 USD/MT on March 1, 2022. To control inflation, governments worldwide reduced the duty levied on the export of palm oil. The prices of palm kernel oil averaged 1554.50 USD/MT in June 2022 owing to relaxed upstream costs. Hence the price trend for RBD Palm Kernel Stearin remained strong throughout the said period owing to inflated costs of feedstocks and inputs.

Procurement Resource provides latest prices of RBD Palm Kernel Stearin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.