Limited bullish factors lead to a weakening market price for stearic acid during the "Silver October" period

Introduction: In October, while costs provided a floor, demand failed to meet expectations, resulting in an overall weak downward trend in the domestic stearic acid market. Looking ahead, raw material palm oil is expected to fluctuate within a range but retains bottom support. As the "Golden September, Silver October" peak season stimulus gradually fades, new order transactions in the stearic acid market are sluggish, and downstream factories exhibit significant risk-aversion, leading to cautious purchasing behavior. The price center of gravity for stearic acid in October is projected to decline month-on-month; however, considering positive factors related to raw materials, there may be support for lower market prices.

Limited bullish factors in the stearic acid market lead to weak price decline