Stearic Acid Price Trend and Forecast

Stearic Acid Regional Price Overview

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

 

Stearic Acid Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Stearic Acid Chemicals Asia 1175 USD/MT March 2024


Stay updated with the latest Stearic Acid prices, historical data, and tailored regional analysis
 

Asia

Stearic acid price trajectory in the Asian market turned out to be oscillating throughout the said period of Q1’24. The market had been riddled with various uncertainties at different levels. Stearic acid is one of the most commonly used long-chain fatty acids and is a valuable ingredient in soap-making due to its versatility and beneficial properties. During the said quarter the variations in stearic acid price trend were strictly correlated with the fluctuations in the price trend of these feedstock materials.
 

Stearic Acid Price Chart

Stearic Acid Price Trends

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The beginning of the quarter was humbling as the markets, particularly Asian markets, traded low. However, situations started to change mid-quarter as the prices started inclining upwards. Asia accounts for the largest production of palm, coconut, and other oils; with changes in production levels and import volumes, the prices were impacted. Further, the difficult trade situation aided the rigorous fluctuations in the market.

Europe

The European stearic acid market was more consolidated during the first quarter of 2024. Lackluster downstream demands played a role in limiting the market growth in the said region. Although there were various factors that motivated the European market in a positive direction, an astounding rise in the upstream costs was one of the biggest appreciating market drivers.

Initially, the market situation was balanced as the supply and demand dynamics were more stable. However, with the steady incline in feedstock prices in Asia, procuring them became a challenge. Shipping costs surged drastically within the said duration. Further, the rise in energy and crude oil prices also pushed the manufacturing costs. Overall, a wavering price trend was witnessed in Q1’24.

North America

The behavior of the American stearic acid market was not much different from its Asian and European counterparts. The market curve was quite relaxed at the onset of said quarter. Inventories were still able to support the incoming consumer demands. As days progressed and product movement grew, the prices increased a little for stearic acid. With two open war fronts in Europe and the Middle East, navigating global trade became a challenge, especially for US authorities. Conclusively, a mixed market trajectory was experienced during the said duration.

Analyst Insight

According to Procurement Resource, Stearic Acid price trends are expected to remain afloat in the coming quarter. The market drivers look quite optimistic about the supply and demand situation of the coming days.
 

Stearic Acid Price Trend for the October - December of 2023

Asia

Stearic acid is a long-chain saturated fatty acid that is generally produced by the hydrolysis of triglycerides that are derived from organic fat sources like tallow, vegetable oils like sunflower oil, palm oil, etc. Hence, the price trend for stearic acid are largely dependent on the market patterns of its feedstock oils. During the said period of Q4’23, the market behavior of stearic acid registered highly oscillating trajectories.

The market inclination was mostly positive during the entire period; however, the second half was a little more affirmative than the former half, as the winter months called for a higher stearic acid demand from the lubricant, cosmetic, and detergent industries. The feedstock prices are also inclined by the last month of the year. Overall, swift variations in the stearic acid price trend were witnessed during the said period.

Europe

The European market trend for stearic acid were largely in alliance with the Asian market during the final quarter of the year 2023. The feedstock supply curtailments because of supply chain disruptions caused by the geopolitical tensions in the region heavily affected the market dynamics. Hence, fluctuating patterns were witnessed for stearic acid during this time.

North America

The American stearic acid price trend were no different from its Asian and European counterparts. The prices here were observed to vary within narrow ranges, given the uncertain demands and consumer behavior amid rising inflation and disruptive market logistics.

Analyst Insight

According to Procurement Resource, Stearic Acid price trend are likely to follow a similar trajectory in the coming months as well. The supply and demand gap is expected to reduce further in the coming quarters, which will positively impact the market sentiments.
 

Stearic Acid Price Trend for the July - September of 2023

Asia

The decline in the stearic acid prices during the third quarter was steep as the Asian countries struggled to maintain their procurement rates of stearic acid. The market for stearic acid failed to rise even after a significant improvement in the cost of raw materials and natural gas. In the trend of the market dynamics, it was indicated that the downstream automotive industries faced a significant fall in their sales number that had a negative effect on the market activities of stearic acid and its price graph trajectory.

Europe

In the first half of the third quarter, the stearic acid prices inclined as the after effect of bullish downstream demand. However, soon the declined demand from the construction and PVC industries hampered the stearic acid prices in the second half of the quarter. In addition to this, the purchasing activities of the consumers were adversely affected by the persistent effects of inflation and the ill effects of recession in European countries.

North America

The North American stearic acid market witnessed a stable gain in the stearic acid price trend, especially on account of rising cost of feedstock materials and marginal improvement in the automotive industries. In addition to this, the demand from the polymer sector appreciated with the rise in their procurement rates as the consumers expanded their spending budget with some relief in the economic crises. Additionally, the exponential rise in the prices of palm oil and the rise in transportation charges also yielded positive results in terms of stearic acid prices.

Analyst Insight

According to Procurement Resource, the price trend of Stearic Acid are estimated to follow an inclining trajectory as the demand from the automotive and PVC sectors seems to be improving.

Procurement Resource provides latest prices of Stearic Acid. 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.

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About Stearic Acid

Stearic Acid is a well-known saturated long-chain fatty acid with an 18-carbon backbone. Stearic Acid is found in different animal and plant fats and is a major component of cocoa butter and shea butter. In appearance, Stearic Acid is a white solid with a mild odour.

Stearic Acid Product Details

Report Features Details
Product Name Stearic Acid
Industrial Uses Adhesives and sealant chemicals, Adsorbents and absorbents, Agricultural chemicals (non-pesticidal), Anti-adhesive agents, Corrosion inhibitors and anti-scaling agents, Curing activator and polymer, Defoamer manufacture, Fillers, Finishing agents, Fuels and fuel additives, Ingredient in rubber compound, Intermediates, Lubricants and lubricant additives, Paint additives and coating additives , Pigments, Plasticisers, Plating agents and surface treating agents, Rubber component, Sizing agent used to impart hydrophobicity to paper product
Chemical Formula C18H36O2
Synonyms Fatty Acid C18, Octadecanoic Acid, Octadecanoic Acid, n-Octadecanoic acid
Molecular Weight 284.5 g/mol
Supplier Database Eastman Chemical Company, BASF SE, Oleon NV, Pacific Oleochemicals Sdn Bhd, Colgate-Palmolive Company, Longyan Zhuoyue New Energy Co. Ltd.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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.

Stearic Acid Production Processes

  • Production of Fatty Acid- C18 from Oil or Fat via Hydrolytic or Lipolytic Splitting

In general, the production process of Fatty Acid involves hydrolytic or lipolytic splitting (reaction with water using high pressure and temperature or enzymes) of any oil or fat to finally obtain Fatty Acid as the product.

Methodology

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).

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