Prices of Stearic Acid (Tripple Pressed) have appreciated by around xx across the European market due to an increment in the prices of the product across the exporting market Malaysia. Prices of Stearic Acid (Tripple Pressed) were recorded to have appreciated by more than xx in the Malaysian market due to increasing prices of feedstock Palm Oil, which appreciated by more than xx in Malaysia.
Increments in the prices of feedstock Palm Oil were primarily attributed to off-season cultivation, erratic weather conditions because of El Nino, and poor farming practices which led production of Palm Oil to decline xxx on an annual basis, consequently low availability of feedstock occurred to produce Stearic Acid. Moreover, Malaysian exports of Palm Oil further declined by approximately xxx on an annual basis.
Stearic Acid demand in Germany and the Netherlands was recorded to have been healthy due to favorable automotive...
