oleic acid Pricing Assessment

Markets Covered: 

idIndonesia
myMalaysia
krKorea
cnChina
inIndia
nlNetherlands
jpJapan

Oleic Acid Price Trend, Analysis and Forecast

Q1 2024 

In the first quarter of 2024, oleic acid prices had averaged around USD 1,310 per metric ton. This increase had been primarily driven by production disruptions in key sourcing regions, exacerbated by extreme weather events and logistical hurdles. These challenges had led to a decline of approximately 800,000 metric tons in overall production, tightening supply. At the same time, strong demand from the food and personal care sectors, particularly for natural and organic products, had further pushed prices upward. The combination of limited supply and robust demand had created a complex environment for procurement strategies. 

Q2 2024 

During the first half of Q2 2024, the oleic acid market had faced challenges due to lingering weather-related issues and ongoing supply chain disruptions. Demand from the food industry had remained strong, with a reported 4% increase in consumption, especially for products emphasizing health benefits. By May 2024, there had been signs of recovery in production rates, which had begun to stabilize prices somewhat. However, overall supply had remained delicate, prompting caution among stakeholders regarding future price fluctuations. 

Q3 2024 

As of August 2024, oleic acid prices have been witnessing notable fluctuations, currently averaging around USD 1,452 per metric ton. This increase has reflected tight supply conditions alongside steady demand, particularly from the cosmetics and food sectors. Contributing factors have included persistent global supply chain disruptions, especially in transportation and raw material availability. The demand for oleic acid has continued to be robust, driven by its use in personal care formulations and food products, further impacting the upward pricing trend. 

Q4 2024 

Looking ahead to Q4 2024 and beyond, a partial recovery in oleic acid production is expected as weather conditions improve and labor challenges are resolved. However, market volatility will continue through 2030. Key factors influencing stability will include climate change impacts on agricultural output, shifts in trade policies affecting sourcing, and changing consumer preferences for sustainable ingredients. Companies will need to navigate these complexities to adapt their strategies and maintain a competitive edge in the oleic acid market. 

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is your trusted resource for tracking global oleic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the oleic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence oleic acid prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely oleic acid market data.

Track 's oleic acid price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in oleic acid prices

  • Weather-Related Crop Failures:
    Severe weather events such as droughts, floods, and hurricanes in major oilseed-producing regions (like the United States, Brazil, and Argentina) have historically led to reduced crop yields. This disruption affects the availability of key raw materials needed for oleic acid production, resulting in tighter supply and higher prices. Increased, as consumers and manufacturers seek to secure supplies amidst scarcity, driving prices further upward. 
  • Trade Tariffs and Global Trade Policies:
    Changes in international trade policies, such as the imposition of tariffs on vegetable oils and fats, can significantly impact oleic acid prices. For example, tariffs on palm oil imports may force producers to seek alternative sources, driving up costs and affecting pricing structures in the oleic acid market. Stable to decreased, depending on the cost implications and availability of alternative raw materials for production. 
  • Health Trends and Dietary Preferences:
    With rising awareness of the health benefits of oleic acid, particularly its role in heart health, there has been an increase in interest for oleic acid-rich products. This trend has been particularly evident in the food industry, where products emphasizing health and nutrition are gaining popularity. Increased, as both manufacturers and consumers turn to products containing oleic acid for its health benefits. 
  • Biofuels Demand Surge:
    The increasing production of biofuels, especially biodiesel made from vegetable oils, has created heightened competition for the raw materials used in oleic acid production. As biofuels gain traction as an alternative energy source, the demand for oilseeds has surged, leading to higher prices for oleic acid as well. Increased, driven by the need for feedstocks in both food and fuel applications. 
  • Emergence of Sustainable Sourcing Practices:
    The growing emphasis on sustainability has prompted companies to adopt more environmentally friendly sourcing practices, such as seeking certified sustainable palm oil. While this shift may increase production costs, it can also stabilize market conditions as consumers increasingly prefer sustainable products. Stable to increased, as businesses market their commitment to sustainability, appealing to environmentally conscious consumers. 

Methodology and Specifications

oleic acid Pricing Assessment Research Methodology

Data Collection and Sources

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major oleic acid production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire oleic acid supply chain, from raw material availability (e.g., naphtha, ethane) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis

  • Geopolitical Tensions:
    PriceWatch continuously monitors global geopolitical developments, such as conflicts, trade disputes, and sanctions that may affect oleic acid supply chains. Our analysis focuses on the potential disruptions in sourcing raw materials and trade routes, assessing both immediate and long-term impacts on pricing stability and availability. 
  • Regulatory Changes:
    We monitor changes in environmental regulations and sustainability standards that impact oleic acid production and sourcing. New regulations may affect production costs and availability, influencing overall pricing trends. Our impact analysis includes how compliance with sustainability initiatives affects market players. 
  • Technological Advancements:
    Ongoing innovations in production processes can enhance efficiency and lower costs for oleic acid manufacturers. We track advancements that could increase supply and influence market pricing, assessing their potential long-term effects on the industry. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global oleic acid production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming oleic acid production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global oleic acid pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast oleic acid prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable oleic acid pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

 

Specifications

Molecular Weight[g/mol]

282.46 g/mol

CAS No

112-80-1

HS Code

38231200

Molecular Formula

C18H34O2

oleic acid

Packaging Type

Drum

Grades Covered

Oleic Acid

Incoterms Used

FOB Jakarta, FOB Klang, CIF Rotterdam, CIF Shanghai, CIF JNPT, CIF Seoul, CIF Nagoya.

Synonym

Oleic Acid

Quotation Terms:

25-30 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties   Specification 
Moisture   max 0.30% 
Acid value   196-204 
Iodine value  89-95  
Peroxide value   max  10.0 
Congealing temperature   3-10°C  
Color ( transmission @ 440 nm )    min 77%  
Color ( transmission @ 550 nm )   min 97%  
BHT  100-300 ppm 
Myristic Acid   max 5.0% 
Palmitic Acid  max 16.0 %  
Palmitoleic Acid    max 8.0 % 
Margaric Acid   max 4.0 % 
Stearic Acid   max 6.0 % 
Oleic Acid   75.0 – 88.0 % 
Linoleic Acid   max 18.0 %  
Linolenic Acid    max 4.0 %  
Acids > C18    max 4.0 %  
Unsaponifiable   max 0.5 %  
Ester value   max 3.0 
Saponification value 196-205  196-205 
Residue in ignition   max 100 ppm 
Specific gravity (20/20°C)   0.889-0.895  
Specific gravity (25/25°C)    0.889-0.895 

Applications

Oleic acid is a versatile compound used in cosmetics as an emulsifier, in food as a key component of cooking oils, and in pharmaceuticals as a lubricant. It also features in industrial lubricants, biodiesel production, and food preservation, highlighting its broad significance across various industries.

Disclaimer

Oleic Acid price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for oleic acid. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What are the main drivers of Oleic Acid pricing? +

The pricing of oleic acid is primarily driven by factors such as raw material costs (vegetable oils), supply chain dynamics, geopolitical tensions, and demand fluctuations across various sectors like food, cosmetics, and pharmaceuticals. Seasonal crop yields and economic conditions also play significant roles in pricing trends.

How can fluctuations in supply chains impact Oleic Acid prices? +

Supply chain disruptions, such as those caused by natural disasters, trade disputes, or logistical challenges, can lead to shortages in raw materials used for oleic acid production. These disruptions can cause significant price volatility, making it crucial for procurement heads to monitor supply chain stability to mitigate pricing risks.

What role do sustainability and regulatory changes play in Oleic Acid pricing? +

Sustainability initiatives and regulatory changes can impact production costs for oleic acid. Stricter environmental regulations may lead to higher manufacturing expenses, which can result in increased prices. Procurement heads should stay updated on relevant regulations to better forecast pricing trends and adjust sourcing strategies accordingly.

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