Key Highlights
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Steady demand for Erucic Acid derived products in cosmetics industries and paints & coatings sector.
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Supply rates were low due to decline in trade rates amid port congestion and shifting trade flows.
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Availability of feedstock Rapeseed Oil supplies were ample in the regional market to produce Erucic Acid.
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Erucic Acid prices are anticipated to decrease towards the end of Q* due to anticipated increase in production and supply rates post regional summer holidays.
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The demand for Erucic Acid was firm across key end-use industries, with consistent consumption in industrial and consumer applications. In the paints & coatings sector, its use in producing slip agents and lubricants for performance and industrial coatings supported steady offtakes despite market pressures. Simultaneously, in the cosmetics and personal care sector, Erucic Acid demand was underpinned by its function as an emollient and conditioning agent in...
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