Sodium Stearate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Sodium Stearate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sodium Stearate Price Trend for First Half of 2023

Asia

In the first quarter of 2023, the prices of sodium stearate stumbled due to the downfall of the palm oil market. During the first half of Q1, the market sentiments were majorly affected by the reduction in export tax on palm oil by Indonesia. The dynamics did not improve in the second quarter, too.

Sodium Stearate Price Chart

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There was a slight incline during the initial phase as the demand inclined with the help of the festival season. But the consumption in the domestic markets soon fell; further, the production activities far exceeded the existing demand, hampering the price trend of sodium stearate.

Europe

The prices of sodium stearate in the first quarter of 2023 declined as consumers did not show any interest in the sector. The weak demand was met with the high supply rates, which increased the gap between supply and demand, which had an adverse effect on the price trend of sodium stearate.

In the second quarter, the traders had to reduce their profit margins amid consistently falling prices of sodium stearate. In addition to this, the surge in imports and challenging climatic conditions ultimately led to the fall in the prices of sodium stearate.

North America

The downstream industries witnessed volatility as the imports from Indonesia remained uncertain in the first quarter of 2023, which affected the price trend negatively. In the second quarter, however, the prices revived as the export ban on palm oil from Indonesia led to a fall in the level of availability of feedstock materials in the region. The domestic and international traders looked forward to stocking up amid conditions of shortage of raw materials, which supported the rise in the prices of sodium stearate.

Analyst Insight

According to Procurement Resource, the price trend of Sodium stearate is expected to trace a downward journey in view of the weak condition of the feedstock market.

Procurement Resource provides latest prices of Sodium Stearate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.