1、 Price trend

According to the monitoring of the commodity market analysis system of Business Society, the price of stearic acid has slightly declined this week. As of April 7th, the mainstream price of domestic stearic acid (1840) was 8560 yuan/ton, a decrease of 0.47% from last week, an increase of 1.78% from March 1st, and an increase of 4.14% from January.

2、 Market analysis

Cost side: Malaysian palm oil inventories are low in the external market, exports have improved, and the Malaysian palm oil futures market is rising. Supported by bullish sentiment, the domestic palm oil spot market has risen significantly, with an average market price of around 8660 yuan/ton, up 12.06% from early March. In April, the import volume of soybeans to Hong Kong gradually increased, and South American soybeans were listed one after another. The supply was loose, and the price of soybean oil palm oil rose under pressure.

Demand side: On March 1st, the average domestic PVC price was 5608 yuan/ton, and on April 7th, the average price was 5530 yuan/ton, with a price drop of 1.39%. The operating load of PVC equipment has slightly increased this week; Downstream demand is still dominated by rigid demand, and there are no obvious positive factors in the market. It is expected that PVC spot prices will continue to be weak and consolidate in the short term.

3、 Future Market Forecast

Analysts from Business Society believe that as the palm oil market slows down in April, the support for the cost of stearic acid will gradually weaken. There is ample supply on the market, and purchasing enthusiasm will decrease. Downstream markets are more wait-and-see, and transactions tend to be cautious. It is expected that the overall operation of the stearic acid market will remain stable without significant fluctuations next week.