Linear Alkyl Benzene Price In USA
- United States: 2027 USD/MT
In December 2023, the price of linear alkyl benzene in the United States for Q4 reached $2,027 per metric ton.
The latest report by IMARC Group, titled " Linear Alkyl Benzene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of linear alkyl benzene price trend. This report delves into the price of linear alkyl benzene globally, presenting a detailed analysis, along with informative linear alkyl benzene price chart. Through comprehensive linear alkyl benzene price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the linear alkyl benzene demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Linear Alkyl Benzene Prices December 2023:
- United States: 2027 USD/MT
- South Korea: 1705 USD/MT
- Germany: 1490 USD/MT
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The study delves into the factors affecting linear alkyl benzene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Linear Alkyl Benzene Price Trend- Q4 2023
Linear alkyl benzene (LAB) is an organic compound that serves as a critical raw material in the production of surfactants, which are substances that lower the surface tension between two liquids or between a liquid and a solid. The driving forces behind the linear alkyl benzene (LAB) market, especially towards the end of 2023, can be attributed to a complex interplay of factors affecting supply, demand, and price dynamics in various regions. In North America, the LAB market exhibited a mixed trend, with supply ranging from moderate to high and a disparity in demand, characterized by a domestic downturn yet significant export potential. The global economic challenges and a weakened downstream surfactant demand largely influenced the market's bearish outlook. However, an increase in natural gas prices, alongside high crude oil values, provided some support to the price trajectory, counterbalancing the downward pressure from anticipated feedstock Benzene price increases and fluctuating crude oil prices. The United States, a major player in this market, saw a slight decrease in LAB prices, reflecting the broader trend of depreciating Benzene prices amid easing crude oil prices.
Linear Alkyl Benzene Industry Analysis
The global linear alkyl benzene market size reached 4.4 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 6.1 Million Tons, at a projected CAGR of 3.50% during 2023-2032. In December 2023, the factors influencing linear alkyl benzene (LAB) prices were multifaceted, with regional variances reflecting the global economic environment, feedstock price volatility, and supply-demand imbalances. The North American market, particularly the United States, experienced a reduction in LAB prices, driven by depreciating Benzene prices amidst easing crude oil prices, which lessened the cost pressures on LAB. This decline in prices was further exacerbated by a high supply of the product and low domestic demand, coupled with sluggish overseas trading activities. Despite the bearish market trend and the absence of plant shutdowns, the slight price decrease underscored the market's sensitivity to global economic conditions and feedstock price fluctuations.
Conversely, the APAC region, particularly South Korea, demonstrated a contrasting market dynamic, with moderate supply but high consumption from the downstream surfactant industry pushing prices upward due to insufficient inventories. The slight decrease in prices compared to the previous year, alongside relatively stable pricing from the previous quarter, highlighted the nuanced balance between supply and demand in shaping the market landscape. In Europe, the decline in LAB prices reflected broader economic challenges and weakened demand, particularly in key economies like Germany. Despite no reported plant shutdowns, high supply levels and competitively priced import cargoes further influenced the market. These regional insights into the LAB market in December 2023 underscore the critical role of economic conditions, feedstock price volatility, and supply-demand dynamics in determining price trajectories, reflecting the complex interdependencies shaping the global LAB industry.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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