Linear Alkyl Benzene Prices

Linear Alkyl Benzene Prices June 2024

The linear alkyl benzene prices in the United States for Q2 2024 reached 2320 USD/MT in June. The region showed consistent price growth fueled by strong seasonal demand from detergent industries and rising crude oil prices. Moreover, supply chain issues, including increased freight rates and logistical disruptions, added pressure, contributing to the overall bullish trend throughout the quarter and sustaining higher pricing levels.

The price trend for linear alkyl benzene in Saudi Arabia for Q2 2024 settled at 1745 USD/MT in June. The market experienced notable price increases driven by higher production costs because of elevated benzene prices. Furthermore, geopolitical strains and OPEC's lowered crude oil output influenced these costs, while heightened seasonal demand in surfactant industries and logistical challenges supported the ongoing price uptrend in the region.

In Germany, the linear alkyl benzene prices for Q2 2024 reached 1650 USD/MT in June. The market saw significant price escalation, fueled by robust demand from the surfactant sector and increased outdoor activities during warmer weather. Challenges such as elevated freight rates and global shipping disruptions impacted the market, maintaining steady growth and supporting higher pricing throughout the quarter.

Linear Alkyl Benzene Prices December 2023

The linear alkyl benzene prices in the USA for Q4 2023 reached 2027 USD/MT in December.  The market saw a price decline, mainly due to falling Benzene and crude oil costs. Despite a high supply, domestic demand remained low, contributing to a bearish market outlook. Export activity also slowed, and no factory shutdowns were reported, maintaining high inventory levels.

In South Korea, the price trend of linear alkyl benzene (LAB) reached 1705 USD/MT in December. The market was bullish amid high demand from the surfactant industry. The moderate supply led to increased prices despite the overall bearish sentiment in the Asia Pacific region. Anticipated drops in feedstock benzene prices and weak crude oil rates added to the mixed market dynamics.

Germany's LAB market in Q4 2023 experienced low demand and reduced prices due to a challenging economic environment and weak purchasing activity. Despite high regional supply and competitive imports, the bearish trend persisted with LAB prices concluding at 1490 USD/MT in December, affected by external economic pressures and reduced industrial demand.

Regional Coverage

The report provides a detailed analysis of the linear alkyl benzene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the linear alkyl benzene price trend.

Global Linear Alkyl Benzene Price

The report offers a holistic view of the global linear alkyl benzene pricing trends in the form of linear alkyl benzene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into linear alkyl benzene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into linear alkyl benzene price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed linear alkyl benzene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Linear Alkyl Benzene Price

Q2 2024:

During Q2 2024, the linear alkyl benzene market in Europe reported noticeable price increases propelled by strong demand from the surfactant sector and warmer seasonal weather. Elevated overseas inquiries and moderate supply chain constraints, including material shortages and higher freight rates, supported this trend. Moreover, global shipping challenges, such as vessel route diversions, added to supply pressures. Additionally, Germany, in particular, showed significant price movements due to rising demand for cleaning products. The market maintained positive momentum throughout the quarter, underpinned by continuous growth in consumption and strategic supplier actions, despite the persistent cost pressures.

Q4 2023:

Europe experienced a notable downturn in Q4 2023. Weak demand, especially from China, impacted the market, leading to lower prices in comparison to last year. Germany's demand also declined because of poor economic circumstances and limited purchasing activity. Despite high regional supply and no plant shutdowns, low inventory levels and competitive pricing from overseas imports shaped the market. Lower supply from countries like Belgium had a marginal impact, but competitive import prices from international suppliers remained a significant factor in the European LAB market dynamics.

This analysis can be extended to include detailed linear alkyl benzene price information for a comprehensive list of countries.

North America Linear Alkyl Benzene Price

Q2 2024:

Throughout the second quarter of 2024, the linear alkyl benzene market in North America saw a significant price uptrend. Strong demand from the surfactant and detergent sectors, elevated by seasonal summer activity, drove increased consumption. This surge, paired with rising production costs influenced by higher upstream crude oil prices due to geopolitical tensions and OPEC’s supply constraints, elevated pricing. In addition to this, supply chain challenges, including container shortages and elevated freight rates, further compounded these increases. Throughout the quarter, linear alkyl benzene prices reflected steady growth, fueled by persistent demand and ongoing logistical hurdles impacting overall market stability.

Q4 2023:

In the final quarter of 2023, North America saw varying trends. While the supply of LAB was medium to high, domestic demand lagged, though export demands remained robust. The overall market mood was subdued because of low consumption from the end-use sector like surfactants and the challenging global economy. During this quarter, an uptrend was observed, driven by expectations of higher prices of natural gas. The United States, as a major market player, experienced a drop in prices due to falling Benzene and crude oil prices, contributing to a bearish market outlook.

Specific linear alkyl benzene historical data within the United States and Canada can also be provided.

Middle East and Africa Linear Alkyl Benzene Price

Q2 2024:

The MEA region experienced an upward trend in linear alkyl benzene prices during Q2 2024. Higher feedstock benzene prices, spurred by geopolitical issues and reduced crude oil production by OPEC, raised production costs. This, combined with global freight challenges and increased rates, affected logistics. Furthermore, seasonal demand surged due to high temperatures in Europe and the Middle East, driving the surfactant industry’s consumption. Additionally, Saudi Arabia recorded the most notable price fluctuations. The market maintained steady growth, with seasonal demand and production costs as primary factors contributing to the positive pricing landscape and logistical complexity.

Q4 2023:

The MEA region saw a sharp drop in market prices in Q4 2023 due to a notable fall in the cost of feedstock materials like Benzene. This decline led to reduced manufacturing costs and a bearish market trend, compounded by weak demand in regional and international markets, particularly Europe. The winter season exacerbated sluggish demand, with lower crude oil prices impacting Benzene costs. Additionally, consumer sentiment shifts and inflationary pressures affected local demand, reflecting the complex role of global and domestic economic factors in the market during this quarter.

In addition to region-wise data, information on linear alkyl benzene prices for countries can also be provided.

Asia Pacific Linear Alkyl Benzene Price

Q2 2024:

In the Asia Pacific region, the linear alkyl benzene market showed balanced dynamics in Q2 2024, initially experiencing a slight price rise due to growing demand in the surfactant sector. The early part of the quarter saw increased consumption driven by high temperatures across Asia and Europe, boosting cleaning product use. However, the latter months witnessed a gradual price decline, attributed to stable raw material availability and lower feedstock benzene prices. Additionally, reduced overseas demand led to decreased freight rates, contributing to the downward adjustment. The quarter highlighted a mix of robust initial demand and subsequent market stabilization due to material availability and logistical conditions.

Q4 2023:

The LAB market in the Asia Pacific region faced a bearish trend in the fourth quarter of 2023, largely due to high supply levels. This sentiment was compounded by the expected drop in the price of feedstock materials like benzene and falling international crude oil rates. In South Korea, the market presented a contrasting scenario, with high demand from end-user sectors like surfactant resulting in price hikes despite moderate supply. This created a bullish environment locally. Overall, the APAC region's market was affected by oversupply and weak demand, leading to a downward pressure on product costs by the end of the quarter.

This linear alkyl benzene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Linear Alkyl Benzene Price

The analysis of linear alkyl benzene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Linear Alkyl Benzene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Linear Alkyl Benzene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of linear alkyl benzene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of linear alkyl benzene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of linear alkyl benzene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing linear alkyl benzene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Linear Alkyl Benzene Market 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.

• The growing adoption of linear alkyl benzene due to the rising demand for industrial and household cleaning products is offering a positive market outlook. Linear alkyl benzene serves as a crucial raw material to produce linear alkyl benzene sulfonate (LAS). Linear alkyl benzene sulfonic acid is a highly usable synthetic surfactant due to its low cost and high performance. It is a widely used surfactant, particularly in the formulation of detergents, cleaners, and industrial solvents. It is essential in cleaning products due to its ability to reduce the surface tension of water, enable it to spread more easily and remove dirt, grease, and other contaminants from surfaces. The rising adoption of detergents to maintain cleanliness and minimize the risk of infections among individuals is contributing to the market growth. In India, over 780 thousand metric tons of synthetic detergent intermediates were produced in the financial year 2022 as per Statista.
• Increasing preferences for liquid-based cleaning products are supporting the market growth. These liquid-based products are widely used in kitchen applications on stoves and countertops. The rising demand for convenient and easy-to-use cleaning solutions among people with busy lifestyles and hectic working schedules is impelling the market growth. People are increasingly adopting products that are effective and reliable.
• Linear alkyl benzene sulfonic acid (LABSA) is a biodegradable surfactant that is commonly utilized in the textile industry. It serves as a wetting agent and detergent for the preparation and processing of fabrics. It is highly effective in removing oils, grease, and other impurities from the surface of the fabric, which makes it a vital component in the textile manufacturing process. People are willing to spend on high-quality textile products that cater to their unique preferences. Invest India states that India is projected to reach $ 250 Billion in textiles production and $100 Billion in exports by 2030.
• Linear alkyl benzene finds applications in personal care items, such as liquid soaps, shampoos, hand washes, and shower gels due to its effective foaming and cleansing properties.

Linear Alkyl Benzene News

The report covers the latest developments, updates, and trends impacting the global linear alkyl benzene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in linear alkyl benzene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the linear alkyl benzene price trend.

Latest developments in the linear alkyl benzene industry:

• 30 January 2023, Cepsa Química presented NextLab, the world's first sustainable linear alkyl benzene (LAB). LAB is used to produce linear alkyl benzene sulfonate (LAS), the largest primary surfactant used in the homecare industry to manufacture biodegradable detergents.
• 27 July 2022, Sasol Chemicals earned certification from the International Sustainability and Carbon Certification (ISCC) system for its three largest manufacturing facilities in Europe. The facilities of the company in Marl and Brunsbüttel, Germany, and Augusta, Italy, earned ISCC-PLUS certification for the use of mass balanced bio-based and recycled feedstocks in the production of alcohols, ethoxylates, linear alkyl benzenes and derivatives.

Product Description

Linear alkyl benzene is a cost-effective and biodegradable intermediate that is widely used to produce detergents and surfactants. It is an intermediate substance in the petrochemical industry that is obtained from the alkylation of Benzene from paraffin in raw materials. It has low toxicity levels, which makes it safe for use in household and industrial cleaning products.

Linear alkyl benzene finds application in the manufacture of domestic detergents, institutional and industrial cleaners. It imparts desirable properties, such as biodegradability and low toxicity, making it ideal for use in these applications. It easily removes oil and fatty acids from numerous fabrics and textiles.

Moreover, linear alkyl benzene-based products show stable performance under a wide range of conditions, including temperature variations and potential of hydrogen (pH) levels.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of linear alkyl benzene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting linear alkyl benzene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The linear alkyl benzene price charts ensure our clients remain at the forefront of the industry.