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In December ****, the South Korean Linear Alpha Olefin (LAO) market continued to grow steadily with increasing pricing support, driven by improved balance in the regional market and higher downstream usage, including petrochemicals and lubricants.
However, the majority of the time LAOs have been unavailable due to limited availability from production units and very limited volumes coming into the country from the Middle East. This has resulted in increasing momentum for LAOs, with sellers maintaining positive attitudes regarding pricing and buyers securing volumes early, due to expectations of ongoing tight supply in the LAO marketplace.
Overall, Linear Alpha Olefin (LAO) C** Blend FOB Busan averaged at USD *** per metric ton in December of **** with a *.*** increase over November**;s price per metric ton of USD ***. This was due, in part, to an increase...
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