Costs and fundamentals jointly provide support, limiting the downside potential of stearic acid.

Lead-in: Since the end of the National Day holiday, domestic stearic acid prices have been supported by costs and supply conditions, leaving limited room for further decline. The mainstream transaction price for Grade 1 domestic stearic acid in East China stood at RMB 9,600–9,800 per ton, remaining flat compared to the previous week. During this period, the stearic acid market primarily exhibited range-bound consolidation.

1. Cost and Supply Jointly Provide Support, Limiting Downside Potential in the Stearic Acid Market

   1. Palm Oil Raw Material Prices Fluctuate Within a Range, Leading to Consolidated Movement in Stearic Acid Prices