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The market of castor oil in the United States has turned bearish through February as increased offered volumes from India and subdued spot inquiries weighed on CFR Houston values. Early February saw Indian crushers complete processing of the main December鈥揓anuary seed arrivals, which improved export availability of castor oil. Mid-month logistics eased, with prompt freight softening and Gulf Coast terminals reporting incremental stock builds. Late-February buying remained steady but non-urgent as buyers gradually drew down inventories of castor oil. Overall, the market tone shifted from cautious support to gentle downward pressure, as supply became comfortable enough to meet routine first-quarter production schedules for downstream users.
The demand for castor oil remained concentrated among specialty lubricant blenders, nylon-** polymer producers聽and personal-care ester makers, which supported baseline consumption despite the broader softening of the spot market. The specialty lubricants and polymer sectors maintained their steadiness, underpinning...
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