In the final week of January xxxx, the Chinese Linear Alkyl Benzene (LAB) market witnessed a modest uptick of x.xx in prices, fuelled by a concurrent xx surge in feedstock Benzene prices. This rise in raw material costs consequently elevated overall production expenses for LAB in the country.
The Container rates, however, are showing signs of anticipated stabilization in the lead-up to the Chinese New Year, as the initial shock from the Red Sea crisis diminishes, and new vessels are deployed to address the challenge of maintaining weekly services. Carriers, now focusing on the post-Chinese New Year period, are looking beyond the order surge expected during the festival, following a substantial xxxx surge in the Shanghai Containerized Freight Index (SCFI) since the end of November xxxx. Despite an anticipated correction, it is expected that freight rates will largely retain recent gains post-Chinese holidays due to persistent...
