Towards the beginning of December xxxx, Stearic Acid prices have defied the usual seasonal slowdown, continuing their upward trajectory across Southeast Asian export markets. This unexpected price rise is impacting European and North American imports, with prices reflecting higher production costs. The primary driver behind this price surge is the escalating cost of Palm Oil, which has been on the rise since September due to policy shifts and a decline in Palm Oil production.
As the Palm Oil sector enters its off-season during December, supply shortages have led to an inflationary effect on Stearic Acid prices. This shortage, compounded by adverse weather in Southeast Asia, has resulted in limited Stearic Acid production. Recently, Palm Oil prices jumped xx, with the February xxxx benchmark contract on the Bursa Malaysia Derivatives Exchange rising by xx ringgit (x.xxx) to x,xxx ringgit ($x,xxx.xx) per metric ton by midday (xx.xx.xxxx). This price...
