Stearic Acid Price in South Korea

 

  • South Korea: 1322 USD/MT (Rubber Grade)

 

The stearic acid (rubber grade) prices in South Korea for Q4 2023 reached 1322 USD/MT (Rubber Grade) in December.

The latest report by IMARC Group, titled "Stearic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of stearic acid prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Stearic Acid Prices Analysis:

  • Netherlands: 1576 USD/MT (Rubber Grade)

 

Report Offering:

  • Monthly Updates: Annual Subscription
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The study delves into the factors affecting stearic acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report:  https://www.imarcgroup.com/stearic-acid-pricing-report/requestsample

Stearic Acid Price Trend- Last Quarter

The stearic acid market is experiencing varied pricing dynamics driven by its broad range of applications across multiple industries. In the cosmetics and personal care sectors, stearic acid is widely used as an emulsifier and stabilizer in products like creams and lotions, contributing to steady demand.

Additionally, the rise in automotive and industrial applications, where stearic acid is employed in the production of lubricants and coatings, plays a crucial role in market growth. The food and beverage industry also adds to this growth, as stearic acid is utilized as a food additive and processing agent. Moreover, the increasing focus on sustainable and eco-friendly products has led manufacturers to seek natural alternatives, further driving the stearic acid market.

Stearic Acid Industry Analysis

In Q2 2024, the stearic acid market in North America saw a decline in prices, mainly due to a decrease in demand from key sectors like automotive and rubber. This was compounded by disruptions in supply chains. A significant drop in palm oil prices, which lowered production costs, further contributed to the downward pricing trend. The automotive sector, particularly the underperformance of the electric vehicle (EV) market, intensified the negative trend. While year-over-year comparisons remained stable, the quarter ended with a noticeable price decline, underscoring the challenging pricing environment in the region.

In contrast, the Asia Pacific (APAC) market experienced different pricing pressures. Although palm oil costs remained stable, logistical challenges, particularly congestion at the Strait of Malacca and Singapore ports, led to a sharp increase in freight charges, driving up stearic acid prices. Additional factors, such as seasonal patterns and the Daihatsu safety test scandal, which caused a temporary halt in automotive production, also influenced the market. Despite these hurdles, overall market sentiment in APAC remained positive.

Europe faced a persistent decline in stearic acid prices throughout Q2 2024, primarily due to weak demand from the automotive sector, despite external challenges like port congestion and strikes at German ports. The fluctuating palm oil prices contributed to reduced production costs, which further pushed prices down. Environmental factors, including floods in Northern Europe, exacerbated oversupply issues, leading to a more significant price decline. The quarter ended with a notable drop in prices across the region, reflecting a bearish market sentiment and ongoing difficulties within the automotive industry.

 

Regional Price Analysis:

  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
  • Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
  • North America: United States and Canada
  • Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
  • Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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