Hamburg, Germany: After witnessing a bearish run in the past few weeks, the prices of Detergent Alcohol have started to inch higher in the European market. Despite average demand from the downstream Personal Care industries, the Detergent Alcohol process remains upbeat in the regional markets this week amidst an increase in the prices of upstream Palm Oil. As per market participants, traders are optimistic about the demand for Detergent Alcohol from China, a key market, as the country prepares for the Lunar New Year festival in mid-February, supporting the uptrend observed in the pricing dynamics of Detergent Alcohol.
The ChemAnalyst database has demonstrated that the prices of Detergent alcohol have escalated by USD xx per ton in the week ending on xxth January compared to the prices observed in the Qx-end of xxxx. The rise in upstream Palm Oil prices has been translated into price gains...
