This chart shows Oleic Acid price assessments in USA Dollar per metric ton (USD/mt) in 4 locations, as follows:
- Oleic Acid, US (United States): Oleic Acid, import transaction price, cif, United States (netforward from fob Indonesia)
- Oleic Acid, EUR (Europe): Oleic Acid, import transaction price, cif, Netherlands (netforward from fob Indonesia)
- Oleic Acid, SEA (Southeast Asia): Oleic Acid, export transaction price, fob, Indonesia
- Oleic Acid, CN (China): Oleic Acid, import transaction price, cif, China (netforward from fob Indonesia)
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Oleic Acid.
Data Use
Oleic Acid prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Oleic Acid price assessments are available via different delivery methods:
- Online charts
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Oleic Acid Price Outlook
Oleic Acid Price Outlook. The price of Oleic Acid (United States) increased during June 2020 to 1,010 USD per metric ton, which represents a slight rise of 3% compared to the previous month’s value. On a year-over-year basis, the prices of Oleic Acid (United States) increased significantly by 21%. Meanwhile, the average price of Oleic Acid (China) amounted to 912 USD per metric ton, from 746 USD per metric ton one year earlier. On a month-over-month basis, the price of Oleic Acid (China) is 1% higher than the price one month before.
The price of Oleic Acid (Southeast Asia) rose slightly throughout June 2020, reaching 879 USD per metric ton. The price is 0.9% higher than the average price in the previous month and 22% higher than the average price one year before. In contrast, the prices of Oleic Acid (Europe) increased modestly during June 2020, reaching 950 USD per metric ton, which means a rise of 2% from the previous month’s price and a rise of 21% from the previous year’s price.
About Oleic Acid
About Oleic Acid. Oleic Acid belongs to the class of organic compounds known as fatty acids and is characterized by a double bond between C9 and C10. It typically manifests as an odorless and colorless liquid, though commercial oil may exhibit a yellow or brown hue. As one of the most prevalent fatty acids in nature, Oleic Acid is commonly found as an ester of glycerol rather than in its free form. Derived primarily from vegetable oils like olive, palm, peanut, sunflower oil, and animal tallow, oleic acid is abundant in various natural sources.
Oleic Acid Handling. Railway tank cars, tank trucks, containers, ships, and aircraft are used for transporting liquid fatty acids. Stainless steel and aluminum are the construction materials normally used for storage and transportation. Storage and transport temperature should be slightly above the solidification point. Oleic acid is flammable (flash point at 189 °C) in its liquid and vapor form, so it should be transported and stored away from heat sources. It has a melting point at 13 °C, so in colder regions it can be found in its solid form (with no additives). Nonetheless, oleic acid is very little toxic. Furthermore, special labeling and handling are not required.
Oleic Acid Production. Raw materials and the respective production processes employed in the manufacturing of Oleic Acid are listed below.
- Natural oil/fatty acids (palm, rapeseed, tallow) (fractionation),
- Palm acid (selective crystallization),
- Tail oil fatty acid (solvent crystallization)
Oleic Acid Uses. The uses and applications of Oleic Acid may vary according to its specification. The main forms of Oleic Acid are United States Pharmacopeia grade (USP, 99% minimum purity); Food Chemical Codex (FCC) grade (or natural grade); technical grade (varying from 60 to 90% purity, most common being 90%); and free of chicken edema factor (for uses in the food industry).