The Linear Alkyl Benzene Sulfonic Acid (LABSA) market exhibited a downward trend across global markets in the previous week, primarily due to dwindling demand from downstream industries and falling feedstock prices. However, LABSA prices remained stable in the USA, while the Asian market experienced a decline. The overall price trend was impacted by the decrease in feedstock LAB and upstream crude oil prices, with WTI crude oil dropping by about xx and Brent crude by xx. Furthermore, demand from the major downstream surfactant industry slowed down despite adequate supply levels, which persisted even amid port congestion due to substantial domestic inventories. These factors collectively led to stable LABSA prices, with the product quoted at USD xxxx/MT FOB Illinois, while the Chinese LABSA price decreased by x.xx FOB Qingdao for the week ending August xx, xxxx.
In the US, the LABSA market maintained stable prices amid a narrow...
