5th Oleochemicals Outlook

23-24 Aug, 2017 - Yogyakarta

Grand Aston Yogyakarta

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Oleochemical Buyers Buy more Palm Kernel Oil after prices tumble

Posted on : 26 May, 2017

 

After a record high in late January this year, palm kernel oil prices have tumbled by a third, hence industrial buyers particularly from oleochemicals sector are flocking to buy the oil that is used largely in detergent, soap and cosmetics production.

 

After the slump, palm kernel oil demand is likely to pick up with kernel prices trading near their largest ever discount to coconut oil, enticing buyers to buy the oil – however, concerns over price rise continues to loom large.

 

In the period between October 2016 and late January 2017, palm kernel oil prices surged by 50 percent to a record high at 8,463.79 ringgit per tonne. This is attributed to a 2015 drought tightened crude palm oil supplies that had led to a drop in kernel oil output and stocks. And the recent price drop is seen more of a demand-based correction rather than due to a recovery of supplies.

 

As prices were high, soap and detergent producers were scrambling to find alternative ingredients with many buying coconut oil and other substitutes. As customers won't readily bear the increase in prices, soap and detergent makers were forced to play around the composition of products to ensure prices remain the same. Many went to the extent of slowing down manufacturing, although some of them were scheduled plant shutdowns.

 

Are prices for palm oil going to stay low or will it rise? Find out at 5th Oleochemicals Outlook on 23-24 August, 2017 in Yogyakarta, Indonesia.

 

Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.

 

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This conference invites suppliers and producers from across the oleochemical value chain, from feedstock to product application, in order to provide a diverse and interactive level of discussion on the future of oleochemicals. CEOs, VPs, General Managers, Business Development Directors/Managers, Product Managers, Global Purchasing Directors/Managers, Supply Chain Directors, Logistics Managers, Sourcing Directors/Managers, Marketing Managers, SalesManagers, Brokers, Consultants and R&D Managers

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