The oleic acid market saw further price volatility during May xxxx, followed by relentless bullish momentum throughout June, with market participants expecting ongoing price pressure over the next few months. Oleic acid, an important monounsaturated fatty acid used extensively across cosmetics, pharmaceuticals, lubricants, and surfactant manufacturing, has been under considerable pressure as a result of intricate supply-demand situations in major producing and importing countries around the globe.
Data shows oleic acid prices rose significantly throughout June xxxx, on top of the price recovery seen in May after a sharp drop in April. Southeast Asian producers&#xx; export parity prices set new highs, as spot quotes rose from Oleic Acid (Food Grade) FOB Klang (Malaysia) xxxx/MT in May to Oleic Acid (Food Grade) FOB Klang (Malaysia) xxxx/MT late June. The price has been sustained by constricting supply conditions and strong downstream demand from...
