Antwerp (Belgium): In April xxxx, the Linear Alpha Olefin (LAO) market experienced significant price declines in both the FD Antwerp and FOB Al Jubail regions. The price of LAO FD Antwerp fell sharply by USD xxx per metric ton (MT), marking a xx decrease. This substantial drop was primarily driven by increased feedstock availability and reduced electricity charges, which bolstered operations at the INEOS site in Antwerp. Concurrently, the FOB Al Jubail price dropped by USD xx/MT, a x.xx decline, attributed to reduced procurement activities and downturns in base oil units in China. Despite heightened demand in the latter half of the month, aggressive bargaining by Chinese buyers and high ethylene inventories prevented a full price recovery. As May progresses, a hurricane hitting Texas further complicates the situation of global LAO markets.
The LAO supply situation in both regions remained relatively stable but faced distinct challenges. In...
