SLS Prices (Q4 2021)
The palm oil production had been hit in Malaysia due to shortage of foreign labour as the coronavirus cases surged in previous quarters. However, in November the output in Malaysia had improved as compared to the levels at the same time around last year. The weather conditions of La Nina are likely to continue to impact its production due to heavy rainfall and flooding which can cause prices to remain elevated. Crude palm oil prices hit 1300 USD/MT in November 2021. The prices of Sodium Lauryl Sulfate were also impacted.
The European Union is likely to shift to palm oil alternatives as it recognises the ecological impacts of palm oil production countries like Malaysia and Indonesia causing excessive deforestation. Palm-oil based oils will be completely replaced by other oils by 2030. The imports in Europe were around 6.5 MMT in 2021 which are likely to decline even further in future affecting the downstream industries of Sodium Lauryl Sulfate.
SLS Prices (Q1-Q3 2021)
Tight supplies from Malaysia and Indonesia, world’s largest palm oil producing countries drove up the benchmark crude palm oil price futures by 31% to 1252 USD/MT. In the third quarter in Indonesia, the production had dampened due to a poor fertilizer use and maintenance issues. The prices witnessed a jump of 67 USD/MT in July compared to the previous year. They prices rose as a result of weak supply due to shortage of labour as the coronavirus cases surged in the country. The downstream industries like Sodium Lauryl Sulfate were also impacted by the rise in palm oil prices which increased the raw material cost for its production.
In March 2021, palm oil prices increased to 1110 USD/MT up from 1040 USD/MT and was estimated to continue increasing further. As a result of this, the prices of SLS were also affected simultaneously.
SLS Prices Overview 2020
In the beginning of the year 2020, palm oil demand had dropped by 5% in May as its demand and export dropped in Malaysia and Indonesia. The WHO advised against the use of palm oil during the surge of coronavirus cases and instead recommended other sources of vegetable oil. Its prices had plummeted to 9-palm of 3348 USD/MT in November 2020 as a consequence of a global supply deficit while production was affected by unfavourable weather conditions. Its price volatility in the market also affected the prices of end-use industries like Sodium Lauryl Sulfate.
Europe is one of the major consumers of palm oil but observed a decline of almost 1-1.5 MMT as a result of disrupted supply-demand fundamentals due to the coronavirus pandemic. Netherlands, Spain, Germany and Italy are some of the major consuming palm oil countries in Europe, but its consumption could not recover until the latter half of the year. The market remained sluggish during most of the year, affecting the prices of downstream industries of Sodium Lauryl Sulfate.
In 2020, the price of coconut oil (CNO) skyrocketed. The price averaged 1,015 USD/MT, up from 731 USD last year, a 39% increase. There was a 35% price range from 834 USD/MT to 1,463 USD/MT.
The price premium of CNO over PKO reduced demand for CNO in the US. In 2020, CNO shipments to the US were 454,401 tonnes, a 3.5 percent decrease from the previous year.
Procurement Resource provides latest prices of SLS. 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.
Procurement Resource provides prices of SLS for several regions around the globe, which are as follows:
Sodium Lauryl Sulphate (SLS), a synthetic organic compound, is an anionic surfactant used in many cleaning and hygiene products. It is a white or cream coloured solid. The molecule is organosulphate and a salt. It consists of 12 carbon tail attached to a sulphate group. The compound has amphiphilic properties making it useful as a detergent. SLS can also be derived as a component of mixtures produced from inexpensive coconut and palm oils. It is a common component of many domestic cleaning, personal hygiene and cosmetic, pharmaceutical, and food products, as well as of industrial and commercial cleaning products.
SLS can be produced by treating lauryl alcohol with sulphur trioxide gas, oleum, or chlorosulphuric acid in order to make hydrogen lauryl sulphate. The obtained product is then neutralised through the addition of sodium hydroxide or sodium carbonate. It can also be derived from either coconut or palm kernel oil through hydrolysis and subsequent hydrogenation.
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).