Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In contrast to the market trend of the previous quarter, the price of  Magnesium Stearate  in the US market experienced a significant increase until the middle of the third quarter, only to plummet as September concluded. On the upstream side, the market for Magnesium Stearate's feed, Stearic Acid, showed a fluctuating trend throughout the quarter. Prices of Stearic Acid experienced a continuous downward trend until mid-Q3, but purchasing activity improved as Q3 commenced. Additionally, the Consumer Price Index (CPI) rose by a substantial 3.3%, or 305.84 points, supporting higher levels of regional demand at the beginning of Q3. Industry insiders attribute the constant increase in demand for binders or lubricants in certain industries, driven by seasonal changes, to the higher consumption of Magnesium Stearate during this quarter. A moderate rise in upstream Stearic Acid cost and increased transportation costs further contrib...