1、 Price trend
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According to the monitoring of the commodity market analysis system of Business Society, the price of stearic acid 1840 in February was between 7850 yuan/ton and 9000 yuan/ton, with the mainstream price around 8500 yuan, an increase of 50 yuan per ton compared to before the Spring Festival, with a growth rate of 0.6%. The price of imported stearic acid in Indonesia ranges from 9500 yuan/ton to 8200 yuan/ton.
2、 Market analysis
Cost side: Starting from February 1st, the Malaysian palm oil market has declined, with sluggish market transactions and a weak decline in the palm oil market. After the holiday, palm oil rose and spot prices followed suit. In February, the overall palm oil market oscillated and rose. After the holiday, stearic acid factories have gradually resumed work, with an industry load rate of around 4.5 floors. Overall, the cost is relatively strong in the face of spot support.
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Demand side: The PVC spot market prices will remain stable with an increase after the year. At present, the spot market situation is average, and the trading situation is relatively light. The PVC industry is currently operating at a high level. At present, the on-site inventory is about 580000 tons, an increase of over 14% compared to before the holiday, indicating sufficient inventory.
3、 Future Market Forecast
In February, the price of stearic acid showed a fluctuating upward trend, and the demand for concentrated consumption of upstream oils and fats increased. The palm oil market will continue to remain strong, and the cost will face strong support from spot goods. However, imported goods are gradually entering the port, and there is ample inventory in the stearic acid market. The downstream PVC trading situation is relatively light, mainly focused on consumption and storage. Therefore, it is expected that the stearic acid market will remain stable in the short term.
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