1、 Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 17th, the price of stearic acid was 8875 yuan/ton, a decrease of 75 yuan or 0.84% compared to last week, and an increase of 100 yuan or 1.14% compared to May 1st, with an overall narrow range consolidation. As of May 10th, the mainstream market price of stearic acid (domestically produced, 1840) is around 9200-8500 yuan/ton; The mainstream market price for stearic acid (imported brand, 1801) is around 9900-9000 yuan/ton.

2、 Market analysis

Cost side: At the beginning of the week, the average price of palm oil in the market was 7770 yuan/ton, and on the weekend, the average price of palm oil in the market was 7884 yuan/ton, an increase of 1.47%. The palm oil market is mainly on the rise. Due to the increasing production cycle of Malay palm oil, palm oil experienced a pullback after rising. Long and short intertwined, the palm oil market fluctuated and rose overall, with gains exceeding 1%.

Supply and demand side: PVC spot market prices have risen this week. On Monday, the average domestic PVC price was 5604 yuan/ton, and on Saturday it was 5714 yuan/ton. The price increased by 1.96% during the week. PVC futures prices have risen, and downstream spot prices have risen one after another, increasing the enthusiasm for inquiry and procurement.

3、 Future Market Forecast

At present, the overall domestic market for stearic acid is undergoing a narrow consolidation. On the cost side, palm oil has fluctuated, but overall the market is rising, with positive support; The operating rate of stearic acid is around 6.3 layers, and production is stable. Stearic acid inventory is lush. At present, stearic acid is operating at a high level with almost zero profit. The downstream demand side has improved. It is expected that the short-term market for stearic acid will be mainly volatile.