Global Stearic Acid prices declined notably in mid-April xxxx, pressured by easing production costs and abundant inventory. This downturn was primarily driven by a drop in feedstock Palm Oil prices, particularly from major exporting nations Malaysia and Indonesia, which enabled lower-priced Stearic Acid to enter international markets, despite recent upticks in global freight charges.
Freight trends further supported the price drop. Rates from Asia to the North American East Coast declined by approximately xx during mid-April, reducing the delivered cost of Stearic Acid. Meanwhile, intra-Asia freight charges rose by xxx, and Asia to Northwest Europe rates edged up by xx. Despite these increases, the overall freight impact favored the continued movement of competitively priced Stearic Acid into key regions.
Palm Oil markets in Malaysia were instrumental in driving Stearic Acid production cost reductions. Malaysian Palm Oil prices fell approximately x.xx...
