Procurement Resource

 In the early part of 2023, sodium stearate prices in Asia faced a downturn due to a drop in the palm oil market, worsened by Indonesia's cut in palm oil export taxes. Despite a brief spike in demand during the festival season in the second quarter, local consumption decreased, causing an oversupply that pushed sodium stearate prices down. Across Europe, a surplus in supply and sluggish consumer interest in the first quarter caused prices to fall. Traders had to shrink profit margins in the following quarter due to declining prices, heightened imports, and challenging weather conditions, contributing to the decrease in sodium stearate prices. In North America, price fluctuations in related industries and uncertain Indonesian imports had a negative impact in the initial quarter. However, an export ban on palm oil in the subsequent quarter led to sodium stearate price hikes due to shortages in raw materials, prompting traders to increase their stocks. Request for Real-Time Sodium Ste...