Buyers must prioritize the Triple Pressed (TP) grade for high-end applications like cosmetics and pharmaceuticals, as it offers the highest purity and lowest odor. Key parameters include the Iodine Value (typically <0.5 for TP), which indicates the degree of unsaturation and affects oxidative stability, and the Titer Point (54°C - 56°C), which determines the solidifying temperature. For rubber and plastic processing, Rubber Grade (Single Pressed) is often sufficient and more cost-effective. Always request a Certificate of Analysis (COA) to verify the C18 (Stearic) vs. C16 (Palmitic) ratio, as this significantly impacts the melting point and texture of the final product.