1、 Price trend

According to the monitoring of the commodity market analysis system of Business Society, the average price of stearic acid 1840 this week was around 8510 yuan/ton, an increase of 110 yuan/ton compared to before the Spring Festival, with a growth rate of 1.67%. The price of imported stearic acid in Indonesia ranges from 9500 yuan/ton to 8200 yuan/ton.

2、 Market analysis

Cost side: In early March, the palm oil market fluctuated and rose by more than 1%, with an average palm oil market price of 7842 yuan/ton. The estimate for Malaysian palm oil production in the external market has been lowered, with bullish factors still present. There is still room for an upward trend in the palm oil market in the future. Overall, the cost is relatively strong in the face of spot support.

Demand side: The PVC spot market prices continued to rise this week. The average market price of PVC is 5632 yuan/ton, a month on month increase of 0.42%. This week, the load rate of the PVC industry is higher than 8 floors, with an increase in PVC export orders. This week, the load rate of steel tire enterprises in the industry continued to increase, with a load rate of more than 7.8 floors in the semi steel tire industry and less than 7 floors in the full steel tire industry.

3、 Future Market Forecast

Analysts from Business Society believe that the upward trend in the upstream palm oil market this week has provided strong support for the cost side. The downstream PVC operating rate is at a high level, and the terminal steel tire industry operating rate has also increased, which is a favorable factor for the stearic acid market. Overall, the market for stearic acid is gradually heating up, and it is expected that the stearic acid market will operate steadily and strongly in the short term.