In March xxxx, fatty alcohol prices saw a substantial rise in the Asian market on the back of positive market sentiments. According to the market participants, fatty alcohol producers have opened the month with a round of marked price increases due to supply constraints, rising costs, as well as producers’ intention to boost their margins after several months of price erosion. Buyer demand in the fatty alcohol market remained steady, as participants sought to secure volumes amidst growing concerns over future supply limitations.
Market players explained that these price increases were necessary to compensate for the rising costs of raw materials, including, palm oil, that happened in February, but these effects weren’t fully felt until March. This cost inflation bolstered producer confidence, encouraging heightened operational activity despite the logistical challenges.
Moreover, the expected turnarounds scheduled for this month added strain on...
