For the Quarter Ending March 2026
North America
During Q1 2026, the North American chemicals and surfactants market exhibited a predominantly firm pricing environment, supported by rising feedstock and logistics costs, export demand, and tightening spot availability, although some products experienced pressure from balanced inventories and muted downstream consumption. Ethylene Oxide recorded the sharpest increase in the region, rising 19.79% QoQ in the USA due to stronger export demand, elevated ethylene and energy costs, tightening inventories, and sustained derivative demand from MEG and ethanolamine chains. Ethoxylated Tridecyl Alcohol, LABSA, Defoamer Surfactants, Fatty Alcohols, SLES, and Fatty Alcohol Ethoxylates also posted quarterly gains, driven by higher ethylene oxide, palm kernel oil, benzene, kerosene, and freight costs, alongside constrained imports, logistics bottlenecks, and export inquiries.
LABSA prices in the USA rose 5.58% QoQ as higher benzene and kerosene costs, limited Middle East imports, and detergent restocking supported market sentiment, while Defoamer Surfactants increased 5.3% QoQ amid import premiums and balanced downstream demand from pulp, coatings, and oilfield sectors. Fatty Alcohol prices gained 4.96% QoQ due to tightening feedstock supply and Gulf Coast premiums, whereas Fatty Alcohol Ethoxylates firmed on higher EO benchmarks and delayed imports. Conversely, Stearic Acid and Butanediol prices declined by 0.52% and 2.64% QoQ respectively, reflecting ample inventories, neutral supply-demand dynamics, and cautious downstream procurement despite higher feedstock costs and improving late-quarter sentiment.
Nonylphenol Ethoxylates and Soda Ash remained largely stable with only marginal quarterly changes as balanced inventories and steady operating rates limited volatility. Across the region, steady demand from detergents, personal care, industrial cleaning, agrochemicals, coatings, glass, and household products supported baseline consumption, while geopolitical supply concerns, freight and insurance inflation, and disciplined producer operating rates continued to shape inventories, export flows, and near-term price forecasts.
APAC
During Q1 2026, the APAC chemicals and surfactants market witnessed predominantly firm pricing trends, supported by rising feedstock costs, export demand, geopolitical disruptions, and elevated freight and insurance premiums. Products such as Fatty Acid, Nonylphenol Ethoxylates, Ethoxylated Tridecyl Alcohol, Sodium Percarbonate, Fatty Alcohols, Soda Ash, SLES, LABSA, and Ethylene Oxide registered quarter-over-quarter price gains, driven by higher crude-linked feedstocks, palm oil and PKO costs, tightening export allocations, and constrained spot availability. Ethylene Oxide in Japan recorded the sharpest increase of 14.18% QoQ due to feedstock inflation, inventory draws, and limited merchant cargoes, while Fatty Acid prices in Indonesia surged 10.06% QoQ amid stronger export demand and rising crude palm oil costs. Nonylphenol Ethoxylates in China rose 5.46% QoQ as higher ethylene oxide and phenol costs, coupled with export demand, tightened merchant availability.
LABSA prices in South Korea increased 2.46% QoQ as Middle East disruptions tightened exports and raised freight premiums, while SLES and Soda Ash prices strengthened due to higher feedstock and logistics costs. Defoamer Surfactants in China remained stable-to-firm with balanced exports and steady downstream demand from coatings, paper, and water treatment sectors. Conversely, Fatty Alcohol Ethoxylates in Indonesia declined by 2.13% QoQ due to softer spot demand despite Ramadan-led restocking and elevated feedstock costs. Butanediol prices in South Korea edged higher as stronger downstream PBT and spandex demand tightened inventories, while Fatty Alcohol prices gained 4.18% QoQ on tighter PKO supply, export demand from China and India, and monsoon-related shipping delays.
Across the region, steady demand from detergents, cosmetics, personal care, FMCG, textile auxiliaries, surfactants, and industrial cleaning sectors supported baseline consumption, while balanced inventories, high operating rates, and localized port congestion continued shaping market sentiment and near-term price forecasts.
Europe
During Q1 2026, the European chemicals and surfactants market displayed a largely firm pricing trend, primarily driven by rising feedstock, energy, and logistics costs, along with geopolitical shipping disruptions and tightening import availability. Products such as Linear Alkylbenzene Sulfonic Acid (LABSA), Fatty Alcohols, Nonylphenol Ethoxylates, Ethylene Oxide, Fatty Alcohol Ethoxylates (FAE), Ethoxylated Tridecyl Alcohol, Soda Ash, Sodium Lauryl Ether Sulphate (SLES), and Sodium Percarbonate recorded quarter-over-quarter price increases, supported by elevated benzene, ethylene oxide, palm kernel oil, naphtha, and utility costs, alongside freight premiums and constrained spot supply. Ethylene Oxide witnessed the sharpest rise of 24.12% QoQ in France, while Fatty Alcohol and Nonylphenol Ethoxylates increased by 6.58% and 5.49%, respectively, amid stronger export demand and rising production costs.
LABSA prices in Germany climbed 5.19% QoQ due to feedstock inflation and logistical delays at Hamburg port, whereas SLES and Soda Ash prices rose moderately as balanced inventories limited excessive volatility. Defoamer Surfactants remained stable-to-firm with steady industrial demand from pulp & paper, coatings, and water treatment sectors. Conversely, Fatty Acid and Butanediol prices declined by 1.19% and 2.35% QoQ, respectively, amid weaker export inquiries, subdued downstream demand from automotive and polyurethane sectors, and adequate inventories, although late-quarter anti-dumping measures and logistics constraints supported some recovery in Butanediol prices.
Across the region, demand from detergents, personal care, home-care, industrial cleaning, agrochemicals, and chemical intermediates remained steady but cautious, while producer discipline, selective output cuts, inventory management, and elevated insurance and freight costs continued to influence market sentiment and near-term price forecasts.
For the Quarter Ending December 2025
North America
The North American surfactants market in Q4 2025 showed a mixed-to-soft but broadly balanced trend, shaped by stable feedstock costs, conservative procurement, and steady yet unspectacular downstream demand. Several key products recorded moderate gains, including Linear Alkylbenzene Sulfonic Acid (+3.9%), Defoamer Surfactants (+6.7%), Fatty Acid (+2.7%), and Sodium Lauryl Ether Sulphate (+4.4%). These increases were supported by controlled supply, stable production economics, and consistent consumption from detergents, personal care, and industrial cleaning sectors.
In contrast, Fatty Alcohols (-9.5%) and Butanediol (-8.6%) saw notable declines, driven by softer detergent demand, high inventories, and reduced export pull. Nonylphenol Ethoxylates (-4.2%) also weakened amid muted procurement and cautious restocking behavior. Ethoxylated Tridecyl Alcohol (-0.12%) and Soda Ash (-0.8%) remained largely stable, reflecting balanced supply-demand fundamentals and minimal feedstock volatility. Ethylene Oxide posted a marginal gain (+1.3%), supported by upstream stability and steady industrial usage.
Overall, the region maintained adequate inventories and stable operating rates, preventing sharp price swings despite uneven demand across product chains. With moderate gains in select surfactants offset by declines in others, the market ended the quarter in a cautious but steady position, supported by stable feedstock costs and disciplined supply management.
APAC
APAC surfactants market in Q4 2025 showed a mixed but generally stable trend, shaped by steady production rates, shifting downstream demand, and varying supply tightness across product categories. LABSA (+4.3%) increased modestly, supported by stable supply and high operating rates in South Korea, although export enquiries softened, and restocking remained muted. Defoamer Surfactant (+2.5%) also strengthened, driven by downstream restocking, firm spot prices, and balanced inventories across major Chinese producers. Sodium Percarbonate (+2.6%) posted a mild gain as eased feedstock costs allowed suppliers to maintain competitive pricing despite weak FMCG and textile demand. SLES (+2.6%) similarly trended upward, supported by stable home-care consumption (value from your Excel).
On the other hand, several products experienced declines. Fatty Acid (-2.2%) softened due to moderate exports and ample palm kernel oil availability, despite balanced supply conditions in Indonesia. Fatty Alcohol (-6.0%) fell sharply amid oversupply, weak end-use demand, and discounted FOB offers as inventories remained comfortable. Nonylphenol Ethoxylates (-6.6%) declined as subdued downstream demand and supplier discounts kept the market week across China. Fatty Alcohol Ethoxylates (-12.0%) recorded the steepest drop, pressured by excess inventories, weak seasonal demand, and competitive regional pricing from Asian suppliers. Soda Ash (-6.7%) also declined due to abundant imports and weak restocking from glass and detergent sectors in Japan. Butanediol (-4.9%) and Ethylene Oxide (-3.0%) weakened as industrial consumption softened (values from your Excel).
Overall, the APAC market was supported by steady operating rates, mixed feedstock cost trends, and firm demand in home-care, coatings, and select industrial segments. While fatty-based surfactants faced pressure from oversupply and weak restocking, products tied to industrial cleaning, packaging, and stable export flows maintained firmer pricing, keeping the APAC market relatively balanced through the quarter.
Europe
Europe’s surfactant market in Q4 2025 reflected a mixed-to-soft trend, shaped by muted downstream demand, steady operating rates, and easing feedstock costs. LABSA (+4.3%) was one of the few products to show an uptick, supported by balanced production and stable inventories; as noted, “the LABSA Price Index rose by 6.47% quarter-over-quarter, feedstock-driven overall.
Defoamer Surfactants (+2.5%) remained largely stable, with late-quarter restocking offsetting early softness. The document highlights that the Defoamer Surfactant Price Index showed a mixed quarter-over-quarter trend supported by steady demand.
In contrast, several key intermediates softened. Nonylphenol Ethoxylates (-4.0%) declined amid subdued procurement and mild oversupply, consistent with the report stating the Nonylphenol Ethoxylates Price Index fell by 7.8% quarter-over-quarter. Fatty Alcohols were nearly flat (+0.1%) in your table but directionally aligned with the broader downtrend, as the Fatty Alcohol Price Index fell by 8.44% quarter-over-quarter due to weak detergent demand.
Soda Ash (+6.7%) posted one of the strongest gains, supported by firmer logistics and glass-sector restocking. The document confirms that the Soda Ash Price Index rose by 2.14% quarter-over-quarter.” Meanwhile, Butanediol (-8.3%) and Ethylene Oxide (-4.7%) trended lower, reflecting easing feedstock costs and softer industrial consumption.
Overall, stable production, adequate inventories, and easing upstream costs ensured sufficient availability across Europe. However, subdued demand from detergents, textiles, and industrial cleaning applications kept pricing under pressure, resulting in a cautious market outlook heading into early 2026.
For the Quarter Ending June 2025
North America
In Q2 2025, the North American surfactant materials market reflected a mixed pricing trajectory, shaped by demand imbalances, feedstock volatility, and cautious downstream procurement. Sodium Percarbonate prices softened toward quarter-end as laundry and household cleaning demand weakened, while Defoamer Surfactants held steady, supported by robust industrial cleaning and wastewater treatment consumption.
Fatty Acids declined 6% QoQ amid oversupply and soft cosmetics demand, whereas Fatty Alcohols surged nearly 10% on tightening supply, higher feedstock costs, and restocking from personal care and coatings. Fatty Alcohol Ethoxylates sustained bullish momentum on strong hygiene and cleaning demand, while Nonylphenol Ethoxylates slipped on overcapacity and muted downstream offtake.
Ethylene Oxide remained broadly stable, balancing steady pharma and cleaning demand with weak exports, while SLES stayed firm on consistent FMCG consumption. LABSA eased slightly on subdued household cleaning demand, whereas Soda Ash held stable with minor fluctuations, supported by strong glass and detergent demand but capped by cautious restocking and extended inventory cycles.
Overall, the quarter highlighted strength in fatty alcohols, ethoxylates, and stable mainstream surfactants, offset by weakness in fatty acids and niche industrial surfactants, reflecting a cautious but resilient North American market.
Europe
In Q2 2025, the Asia surfactant materials market displayed a mixed pricing landscape, shaped by shifting demand, feedstock trends, and regional trade flows. Sodium Percarbonate showed early strength on FMCG demand but softened as eco-friendly substitutes and weak detergent consumption pressured prices despite stable production costs.
Defoamer Surfactants in India held firm, supported by wastewater treatment and industrial consumption, with a slightly bullish outlook ahead. Fatty Acids dropped 8.4% QoQ as oversupply, logistical issues, and muted exports outweighed steady personal care demand, while Fatty Alcohols edged up 1.6% on balanced domestic demand and palm oil-linked cost pressures, though trade uncertainty limited momentum. Fatty Alcohol Ethoxylates surged 9% as tight fatty alcohol supply, strong coatings and skincare demand, and freight bottlenecks squeezed margins but lifted market sentiment.
Nonylphenol Ethoxylates gained marginally QoQ, though July saw declines from oversupply and weak exports tied to tariffs. Ethylene Oxide slid 2.3% as Japanese demand stagnated and Chinese competition intensified, while SLES in South Korea remained broadly stable with seasonal hygiene consumption cushioning soft patches in trade. LABSA slipped 1.5% amid subdued detergent demand and aggressive regional competition, whereas Soda Ash prices in Japan trended bearish, dragged down by Chinese oversupply, weak glass exports, and cautious procurement.
Overall, Q2 2025 highlighted strength in fatty alcohol-based derivatives and industrial surfactants like defoamers, contrasted with weakness in fatty acids, soda ash, and ethylene oxide, underscoring a region navigating supply surpluses, evolving consumer preferences, and persistent trade headwinds.
APAC
In Q2 2025, the European surfactant materials market exhibited a mixed trend shaped by demand imbalances, feedstock dynamics, and trade flows. Sodium Percarbonate prices fluctuated mildly with seasonal FMCG demand and shifting Asian imports, though sustainable applications provided some support amid cautious downstream offtake.
Defoamer Surfactants edged lower due to oversupply, weak construction and coatings activity, and cheaper Asian imports, while Fatty Acids declined 5.6% on oversupply, subdued personal care demand, and logistics disruptions, despite firm niche skincare consumption. In contrast, Fatty Alcohols rose 1.0% as restocking and skincare demand lifted sentiment, while Fatty Alcohol Ethoxylates saw a strong bullish run on tightening feedstock supply, improved logistics, and growing eco-friendly personal care demand.
Nonylphenol Ethoxylates fell 2.9% as oversupply and weak exports weighed, despite slight feedstock cost pressures. Ethylene Oxide dipped 1.2% on muted automotive, textile, and packaging demand, while SLES prices softened amid lean restocking and fragile consumer spending. A standout was LABSA, which surged 14.4% in Q2 on tight supply, firm cleaning product demand, and exports, though momentum eased in July as availability improved. Meanwhile, Soda Ash prices stayed stable, underpinned by steady glass and detergent demand, normalized logistics, and balanced production.
Overall, Q2 highlighted strength in fatty alcohol-based derivatives and LABSA, while weakness prevailed in fatty acids, NPEs, and ethylene oxide, with most segments constrained by cautious demand recovery and ongoing logistical and cost-side uncertainties.
For the Quarter Ending March 2025
North America
In Q1 2025, the North American surfactants market exhibited mixed pricing dynamics across key products. Linear Alkylbenzene Sulfonic Acid (LABSA) experienced a substantial decline of 11.02%, largely due to reduced post-holiday demand and lower feedstock costs. Fatty Acids followed a similar bearish trajectory, falling 2.47% as palm oil prices dropped and consumer demand weakened. Fatty Alcohols also saw a 3.38% price decrease in the first two months but rebounded in March on higher production costs and renewed demand. Nonylphenol Ethoxylates registered the steepest drop among all surfactants, down by 20%, impacted by inventory surpluses and subdued market sentiment.
Ethoxylated Tridecyl Alcohol stood out as the only product with a positive quarterly trend, rising 2.96% due to tightening supply and increased raw material costs. Ethylene Oxide prices declined by 8.81%, affected by weakened feedstock prices and oversupply. Soda Ash, although not a surfactant, had a 17.36% decline due to sluggish construction-driven demand and persistent inventory levels. Sodium Lauryl Ether Sulfate (SLES) dropped 4.36%, influenced by reduced ethylene oxide and palm oil costs as well as waning interest in sulfate-based products. Meanwhile, Butanediol (BDO) showed relatively minor movement with a 0.74% decline, demonstrating moderate stability amidst supply constraints and tariff impacts.
In summary, Q1 2025 was characterized by broad downward price pressure across the surfactants landscape, except for Ethoxylated Tridecyl Alcohol, which posted modest gains. Economic uncertainties, lower feedstock costs, and cautious consumer behavior were key drivers of these trends, shaping a largely bearish but varied outlook for the sector.
Europe
In Q1 2025, the European surfactants market displayed mixed performance, with pricing trends influenced by shifting supply-demand dynamics, feedstock cost fluctuations, and logistical disruptions. LABSA prices declined by 9.30% quarter-on-quarter despite a gradual recovery in February and March, as early-quarter softness and lingering inflationary pressures weighed on the market. Fatty Acids recorded a modest 3.45% increase, driven by late-quarter supply tightness and rising input costs, rebounding from earlier bearishness. In contrast, Fatty Alcohols declined by 8.54%, pressured by weak demand and falling palm oil prices, although some recovery was seen in March due to robust personal care sector demand. Nonylphenol Ethoxylates experienced the steepest drop at 16.01%, reflecting weak early-quarter demand and regulatory headwinds, despite a partial rebound in March. Ethylene Oxide prices fell by 9.59% amid softening feedstock values and port congestion issues. Soda Ash saw a 9.95% decline as subdued construction activity and excess inventory weighed on pricing. Conversely, Sodium Lauryl Ether Sulfate (SLES) surged 10.46%, supported by persistent demand and supply-side constraints. Butanediol (BDO) ended the quarter 5.27% lower, reflecting alternating periods of demand strength and logistical instability. Overall, Q1 2025 was marked by divergent pricing behavior across surfactants in Europe, with supply issues, economic volatility, and seasonal demand shaping market trajectories.
APAC
In Q1 2025, the APAC surfactants market exhibited a mixed pricing trend influenced by varied regional dynamics, demand patterns, and raw material costs. Linear Alkyl Benzene Sulphonic Acid (LABSA) prices declined by 8.39% quarter-on-quarter, weighed down by weak downstream consumption and muted export demand, despite a modest recovery in March. Fatty Alcohol Ethoxylates experienced the sharpest quarterly decline among surfactants, falling by 18.52% due to oversupply, low personal care sector demand, and reduced feedstock costs, though prices rebounded in March amid supply constraints. Nonylphenol Ethoxylates also saw a significant drop of 6.25% as economic uncertainties curbed beauty sector demand, before recovering towards quarter-end due to tightening supply and seasonal demand. Ethoxylated Tridecyl Alcohol, in contrast, posted a moderate 1.50% quarterly increase, reversing early declines with a March rally supported by rising raw material costs and robust demand from sustainable personal care brands. Sodium Lauryl Ether Sulfate (SLES) prices rose by 15.36%, driven by volatile feedstock costs, palm oil supply disruptions, and fluctuating demand from FMCG sectors. Alkyl Ether Sulfates (AES) posted a 2.02% gain as early-quarter supply tightness and festive demand buoyed prices, although late-quarter corrections occurred due to inventory buildup and softening downstream demand. Overall, the surfactants market in Q1 2025 reflected a nuanced balance of bearish and bullish forces, with performance varying by product and influenced heavily by feedstock dynamics, seasonality, and end-use sector activity.
For the Quarter Ending December 2024
North America
In Q4 2024, the North American chemical market exhibited mixed pricing trends, influenced by raw material fluctuations, supply chain disruptions, and shifting demand patterns. Several commodities experienced downward pressure, including Linear Alkylbenzene Sulfonic Acid (LABSA), which saw a 10% price decline due to weak detergent sector demand and seasonal slowdowns, while Soda Ash prices dropped 4.5% amid ample supply and sluggish consumption from construction and glass industries. Nonylphenol Ethoxylates also saw a late-quarter price decline following earlier stability, driven by seasonal demand softening and a slowdown in manufacturing.
Conversely, fatty-based chemicals experienced significant price surges. Fatty Acids and Fatty Alcohols saw substantial increases due to global palm oil supply disruptions, Malaysian production shortfalls, and strong U.S. personal care sector demand. Similarly, Ethoxylated Tridecyl Alcohol prices rose steadily, driven by raw material shortages and heightened holiday demand, while Fatty Alcohol Ethoxylates followed the same upward trajectory, reflecting tight global palm oil supplies. Surfactant-related chemicals, including Sodium Lauryl Ether Sulfate (SLES) and Alkyl Ether Sulfates (AES), saw an 11% price increase due to rising production costs, adverse weather conditions, and strong seasonal consumer demand. The Butanediol (BDO) market also trended upwards, supported by robust demand from polyurethane and tetrahydrofuran (THF) markets, along with logistical constraints.
Other commodities experienced moderate to stable price trends. Defoamer Surfactants remained slightly positive due to steady industrial demand, despite supply chain disruptions. Ethylene Oxide (EO) saw early declines but rebounded in December as demand stabilized. Meanwhile, Sodium Percarbonate prices ended the quarter with a stable-to-slightly-lower trend, reflecting balanced supply and seasonal consumption shifts. Overall, Q4 2024 was marked by volatility, with feedstock-driven price surges in fatty-based chemicals, stable industrial chemical demand, and seasonal weaknesses weighing on surfactants and detergents.
Asia-Pacific
In Q4 2024, the Asia-Pacific chemical market exhibited a mix of price increases, declines, and stability across various commodities, influenced by factors such as supply chain disruptions, fluctuating feedstock costs, and shifting demand dynamics. The Linear Alkylbenzene Sulfonic Acid (LABSA) market saw an initial price rise in October due to stable demand and firm feedstock costs, but a downturn followed as seasonal slowdowns and weak detergent sector consumption exerted pressure. Meanwhile, defoamer surfactant prices remained stable, supported by steady demand from wastewater treatment and industrial applications, despite port congestion in Southeast Asia.
Fatty-based chemicals experienced significant price volatility, largely driven by disruptions in the palm oil market. The fatty acid market, particularly in Indonesia, witnessed substantial price hikes due to supply constraints, strong demand from India’s personal care sector, and government policies affecting palm oil exports. Fatty alcohol prices in China followed a similar trend, surging in October and November but reversing sharply in December due to weak global demand, high inventories, and currency fluctuations. Ethoxylated Tridecyl Alcohol prices in India exhibited a volatile yet upward trajectory, as soaring palm oil costs overshadowed declining ethylene oxide prices. Meanwhile, fatty alcohol ethoxylates saw sharp increases in the first two months but plummeted in December, reflecting broader palm oil market instability.
The surfactant sector saw varied movements. The Asia-Pacific Sodium Lauryl Ether Sulfate (SLES) market experienced a strong upward trend, driven by production disruptions caused by extreme weather and robust demand from the FMCG sector, especially in China. Alkyl Ether Sulfates (AES) prices also climbed 4% due to rising fatty alcohol costs and supply constraints from Malaysia’s palm oil production issues, despite some relief from lower freight rates.
Among industrial chemicals, the Soda Ash market faced price declines due to oversupply and weak demand from the glass and construction industries, with only slight stabilization by December. Sodium Percarbonate prices also fell, affected by reduced demand in detergents and cleaning products, as well as lower raw material costs in China. Ethylene Oxide prices in China rose early in the quarter due to increasing feedstock costs and strong demand but later stabilized as new production capacities eased supply concerns. The Butanediol (BDO) market saw initial price increases driven by strong demand from polyurethane and THF markets, but later softened due to seasonal slowdowns and increased production capacity.
Overall, Q4 2024 in the Asia-Pacific chemical market was characterized by palm oil-driven volatility in fatty-based chemicals, strong surfactant price trends due to supply constraints, and weak industrial chemical performance amid oversupply and demand fluctuations.
Europe
The European chemical market exhibited mixed price trends in Q4 2024, shaped by supply-demand imbalances, economic uncertainty, and logistical disruptions. Prices for Linear Alkylbenzene Sulfonic Acid (LABSA) declined by 11% due to weak demand and economic downturns, while Nonylphenol Ethoxylates faced volatility, ending the quarter lower amid sluggish demand and supply chain constraints. Ethylene Oxide (EO) and Butanediol (BDO) prices also fell in the latter half of the quarter, pressured by reduced industrial activity and economic uncertainty. In contrast, the Defoamer Surfactant market remained stable, supported by strong demand in water treatment and environmental sectors, while Sodium Percarbonate prices held firm due to balanced demand from cleaning products. Several chemical markets experienced price surges, including Fatty Acid, Fatty Alcohol, and their ethoxylates, driven by palm oil volatility, supply disruptions, and biodiesel policies in Southeast Asia. Soda Ash prices rose due to supply constraints, higher energy costs, and seasonal restocking. Additionally, the SLES and AES markets saw significant price increases due to supply shortages, port congestion, and rising raw material costs. Logistical challenges, including Hamburg port congestion and Indonesian palm oil policy shifts, were key market disruptors. As economic uncertainties persist, continued volatility is expected across several chemical markets in early 2025.
