Chemical Market Research Report

The cost of Linear Alkyl Benzene(LAB) price underwent a gradual recovery in the North American region during the quarter ending in September 2023. Contributing factors to this positive trend included a slow but steady increase in the downstream sector and a rise in export orders. At the onset of the quarter, high inflation dampened consumer sentiments, leading to tightened financial conditions and a reduction in consumer spending in the downstream market. In contrast, the LAB prices in the American market were influenced by high global crude oil values, particularly evident in September 2023. A substantial increase in LAB prices was noted, driven by heightened export inquiries and the elevated global crude oil value. The prices of the raw material benzene remained elevated, continuously rising throughout the latter half of the quarter, thereby increasing production costs for the commodity. Meanwhile, the country's downstream surfactant market maintained a moderate pace, with domes...