Insufficient demand support continues to exert pressure on stearic acid sales.

Introduction: Raw palm oil prices have mostly been fluctuating at high levels, weakening demand for stearic acid due to a lack of buying support. Amid the tug-of-war between costs and demand, prices have continued to range-bound fluctuate, gradually narrowing profit margins.

Weak Demand Leads to Range-Bound Fluctuations in Stearic Acid Prices

Since the beginning of the month, stearic acid market prices have shown a downward trend. As of April 24, the market price of domestic first-grade stearic acid in East China stood at 10,500-10,700 yuan/ton, down 0.93% from the end of March.