With the consistent increment in prices of the feedstock Palm Oil, Stearic Acid prices in the US took an uptrend later in the quarter. The supply of palm oil tightened towards the end of the quarter when USA declared a straight ban on the imports from several Malaysian producers including Sime Darby Plantation Berhad and FGV Holdings, under the allegations of labor abuse. As the supply of Palm Oil from its largest exporter Malaysia is bound to decrease, prices of derivative Stearic Acid are expected to remain firm in the near-term. Rising Brent crude is further anticipated to support the price trend in the region at least till Q1 2021.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Stearic Acid are analyzed and region-wise demand pattern is tracked.
Stearic Acid, also known as octadecanoic acid is a long-chain fatty acid. Stearic Acid is a waxy solid possessing a mild odor at room temperature. The product is widely demanded in various end-use industries due to its thickening and emulsifying properties. Stearic Acid is majorly utilized for internal lubrication and adhesion in the rubber manufacturing process. Besides, it even finds extensive applications in several other fields like cosmetic industry, food industry, pharmaceutical industry and others. Due to its ideal properties, it is often used as a base for producing other fatty acid ingredients. Owing to its ideal cleansing and surfactants properties Stearic Acid is also widely used in personal care products. Stearic Acid is mainly a derivative of palm oil, but it can also be derived from several other sources like corn and coconut oil. It is commercially prepared by the separation and hydrogenation of fats. Stearic Acid in its commercial form is available as a mixture of stearic acid (C-18) and palmitic acid (C-16). However, it can further be purified as per the required industrial specifications.
