In the opening month of xxxx, the global oleic acid market has witnessed a substantial increase in prices, impacting both major exporting and importing regions. Several interconnected factors have contributed to this surge in oleic acid prices, with heightened manufacturing activities and raw material price fluctuations taking center stage.
As the first quarter of xxxx commenced, major players in oleic acid production nations ramped up manufacturing activities in response to bulk orders and increased offtakes from both domestic and international markets. This surge was driven by the need to replenish inventories with fresh stock of oleic acid, indicating robust demand in the industry.
One of the primary factors influencing the oleic acid market is the escalated prices of raw materials, particularly palm oil, in producing nations. Starting from January xth, the domestic palm oil market witnessed an upward trend. The rise was attributed to anticipated decreases...
