During the final week of January xxxx, the global Linear Alkyl Benzene (LAB) market witnessed distinctive trends, with varying dynamics affecting major players such as China, the United States, and India.
In China, the LAB market experienced a modest x.xx increase in prices, primarily driven by a simultaneous xx rise in feedstock Benzene prices. This surge in raw material costs resulted in an overall escalation of production expenses for LAB in the country. Additionally, container rates showed signs of stabilization as the impact of the Red Sea crisis diminished and new vessels were deployed, addressing the challenges in maintaining weekly services. Carriers are now focused on the post-Chinese New Year period, anticipating a surge in orders following a substantial xxxx rise in the Shanghai Containerized Freight Index (SCFI) since the end of November xxxx. Despite an expected correction, analysts differ on the post-Chinese New Year scenario, with...
