Linear Alpha Olefin (LAO) Cxx prices moved up by USD xx/MT during August xxxx in the US market owing to the rising feedstock ethylene. The enquiries with market participants revealed intermediate markets showed increased procurement including LAO Cxx detergent based grade. The spot prices of ethylene moved up by xxx over xxst July assessed prices, adding significant high pressure for US bound LAO. In US domestic market, higher production of LAO and subsequent Linear Alkyl Benzene in the downstream persisted leading to fall in downstream prices due to high unsold inventories. Freight charges remained on the higher end due to improvement in traffic across Panama Canal as more water aided more travel. Domestic consumption in US moderated this month as Business confidence and US purchasing manager index dropped.
LAO Cxx supply in US remained tightened due to drop in ethylene inventories and lower production due to...
