Jakarta, Indonesia: Over the past few weeks, the prices of Fatty Alcohol have been continuously rising in the Asian markets. The increase in upstream Palm Oil prices has translated into price gains for the manufacturing costs of Fatty Alcohol. Additionally, the lower operating rates of manufacturing firms in the last quarters have also contributed to the bullish price trend. Crude Oil futures are also observed to be on the higher end, inclining manufacturers to focus on Palm Oil for biofuel production, thereby driving Palm Oil demand higher. On the demand side, inquiries from the Personal Care industries have also been rising, supporting the upward shift observed in Fatty Alcohol prices.
The ChemAnalyst database has shown that the prices of Fatty Alcohol have demonstrated an increment of approximately USD xx per ton in the domestic market of Indonesia in the week ending xxnd February. According to market participants,...
