Q4 2024 Stearic Acid Prices
Looking ahead to Q4 2024 and beyond, a partial recovery in stearic acid production is anticipated as weather conditions stabilize and labor-related challenges are addressed. However, the market is expected to remain volatile through 2030.
Key influences on market stability will include ongoing climate change impacts that affect agricultural and industrial production, shifts in trade policies that may impact sourcing and logistics, and evolving consumer preferences that increasingly favor sustainable and natural products. Companies will need to navigate these complexities carefully to adapt their strategies and maintain competitiveness in the stearic acid market.
Q3 2024 Stearic Acid Prices
As of August 2024, stearic acid prices are experiencing significant fluctuations, currently averaging around USD 1,070 per metric ton in Malaysia. This rise in prices reflects tight supply conditions coupled with steady demand from the personal care and food applications.
Factors contributing to this price movement include ongoing global supply chain disruptions, including transportation challenges and delays in raw material availability. The demand for stearic acid remains robust, particularly in formulations for cosmetics, soaps, and food products, further influencing the upward price trajectory.
Q2 2024 Stearic Acid Prices
During the first half of Q2 2024, the stearic acid market continued to grapple with production challenges stemming from ongoing weather-related issues and supply chain disruptions. Despite these hurdles, demand from the personal care sector remained strong, with a reported 3% increase in consumption, particularly for products emphasizing natural and organic formulations.
By May 2024, improved production rates began to ease some of the pressure on prices, leading to a degree of stabilization in the market. However, the overall supply dynamics remained fragile, keeping stakeholders cautious about future pricing trends.
Q1 2024 Stearic Acid Prices
In the first quarter of 2024, stearic acid prices averaged around USD 970 per metric ton. This increase was largely due to significant production disruptions in key manufacturing regions caused by extreme weather events and logistical challenges. These disruptions resulted in a decline of approximately 1 million metric tons in overall production, straining supply.
Concurrently, strong demand from the personal care and food industries, driven by rising consumer preferences for products containing natural ingredients, further exacerbated the price hikes. The combination of limited supply and robust demand created a challenging environment for procurement and pricing strategies.
PriceWatch is your trusted resource for tracking global stearic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the stearic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence stearic acid prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely stearic acid market data.
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PriceWatch Quotation Terms:
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.
Stearic acid Rubber Grade Table
Properties | Specifications |
Acid Value | 195 – 206 |
Iodine Value. | 3 Max. |
Titer | 57 – 62°C |
Moisture | 0.5% Max. |
FAC Color Scale | 6 Max |
Saponification Value | 193-208 |
Unsaponifiables | 1.0%, Max.
|
Stearic acid Triple Pressed Table
Parameters (units) | Specifications |
Appearance | White beads / flakes |
Acid value (mg KOH / g) | 205.0 – 211.0 |
Iodine value (%) | ≤ 0.5 |
Titer (°C) | 55.0 – 57.0 |
Color, Lovibond 5 1/4” | ≤ 0.5 R / 5.0 Y |
Saponification value (mg KOH / g) | 206.0 – 214.0 |
C-12 : Lauric acid (%) | 0 – 1 |
C-14 : Myristic acid (%) | 0 – 2 |
C-16 : Palmitic acid (%) | 45 – 50 |
C-18 : Stearic acid (%) | 45 – 52 |
C-18: Oleic acid (%) | 0 – 1 |
Applications
Stearic acid is a fatty acid used in cosmetics as an emulsifier, in food as a stabilizer, in pharmaceuticals as a lubricant, in plastics as a processing aid, and in candles for hardness. It’s also explored for biodegradable products.
The pricing of stearic acid is influenced by several factors, including raw material costs, production processes, and market demand. Fluctuations in the prices of palm oil and tallow, the primary feedstocks, can significantly impact costs. Additionally, changes in environmental regulations and production capacity can affect supply dynamics, ultimately influencing pricing trends in the market.
Market demand plays a crucial role in determining stearic acid prices. Increased demand from sectors like cosmetics, food, and pharmaceuticals can lead to higher prices, especially if supply does not keep pace. Seasonal trends, economic conditions, and emerging applications also contribute to fluctuations in demand, impacting overall pricing strategies for procurement heads.
Yes, there are several long-term pricing trends for stearic acid to consider. Historically, prices have been affected by global market shifts, changes in agricultural outputs, and advancements in production technologies. As sustainability becomes more critical, shifts towards bio-based and eco-friendly alternatives may also influence future pricing. Staying informed on these trends can help procurement heads make better purchasing decisions and manage budgets effectively.
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