Oleic Acid Prices Today, Price Chart and Forecast Analysis | Procurement Resource
During the initial months of 2023, oleic acid prices in Asia felt the effects of dropping cooking and edible oil expenses, influenced by Malaysian regulations and a dip in market confidence. However, a turnaround occurred in the second quarter as raw palm and edible oil expenses escalated, coupled with decreased sunflower oil supply from Russia and reduced stockpiles. Asia’s burgeoning economy also contributed to the price surge. Across Europe, oleic acid prices initially fell due to inexpensive materials and supply chain disruptions. Nevertheless, they spiked in Q2 driven by increasing local demand, dwindling inventories, and heightened global interest. North America mirrored these patterns, experiencing a rise in demand and fluctuations in feedstock prices.
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Definition
Oleic acid, a monounsaturated omega-9 fatty acid (C18:1), is essential for cellular function and energy storage. It’s found in various fats and oils like olive and canola oil. Its fluidity at room temperature, attributed to a single double bond, benefits heart health. Oleic acid forms stable triglycerides and plays a role in lipid metabolism. It’s known for its versatility, influencing texture and stability in products from food to cosmetics.
Key Details About the Oleic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Oleic Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Oleic Acid Price trends, including India Oleic Acid price, USA Oleic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Oleic Acid Price Trend:
Oleic acid, an omega-9 monounsaturated fatty acid, serves various purposes across industries. It plays a crucial role in the food sector, enhancing the taste and longevity of cooking oils, margarine, and spreads. Additionally, it functions as a stabilizer and emulsifier in processed food manufacturing. In cosmetics and personal care, its moisturizing abilities are essential in creams, lotions, and soaps. Beyond these applications, oleic acid holds industrial importance as a foundational material for producing different derivatives, such as surfactants, lubricants, and biodiesel. Its versatility, coupled with its positive effects on texture, stability, and health attributes, leads to its extensive use in various industrial settings.
Key Players:
- Eastman Chemical Company
- Berg + Schmidt GmbH & Co. KG
- Emery Oleochemicals Sdn Bhd
- Wilmar International Limited
- White Group Public Co Ltd
- Godrej Industries
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