Commodity Market: According to the Commodity Market Analysis System of Shengyishe, as of January 12th, the main report of the stearic acid market was around 8180 yuan/ton, a decrease of 20 yuan/ton compared to January 2nd. Starting from mid to late December, the stearic acid market has experienced a slight downward trend in a step-by-step manner. The market for raw material palm oil has rebounded, with prices continuously rising.

Raw palm oil: According to the commodity market analysis system of Shengyishe, on January 11th, the average market price of palm oil was 7266 yuan/ton, an increase of 4.64% compared to January 4th. The domestic palm oil market has returned to an upward trend. Due to the expected decrease in Malaysian palm oil inventory data, the external Malaysian palm oil futures market has risen for several days, boosting the domestic palm oil futures market. Spot prices have followed suit and fluctuated for nearly a week, with prices rising by over 4% compared to January 4th.

Market forecast: The palm oil market is recovering and prices are continuously rising. However, due to the drag of demand and the lack of strong support for the stearic acid market, there is sufficient supply of goods in the stearic acid market, and the factory operating rate is less than 50%. Downstream demand is weak. The confidence of business owners has weakened. It is expected that the domestic stearic acid oscillation consolidation will be the main trend in the near future.