The global Stearic Acid (Triple Pressed) market entered xxxx on a bearish note, primarily driven by a sharp decline in production caused by falling palm oil prices across Southeast Asia. Despite tight supply chains due to adverse weather conditions, especially from the La Ni帽a phenomenon, this instability has led to a volatile landscape for Stearic Acid prices. The recent drop in Stearic Acid prices was mainly attributed to improvement in supplies across the US and European regions as suppliers moved inventories in order to empty warehouses.
Indonesia&#xx;s delay in implementing the Bxx biodiesel blend, initially set for January x, xxxx, has created uncertainty, leading to confusion among palm oil traders and lower Stearic Acid production costs. This decline is compounded by a x.xx appreciation of the Malaysian Ringgit against the USD. On January x, xxxx, the benchmark palm oil contract for March delivery closed...
