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Global Fatty Alcohol Market Fluctuates in a Narrow Range Entering September 2022

Global Fatty Alcohol Market Fluctuates in a Narrow Range Entering September 2022

Global Fatty Alcohol Market Fluctuates in a Narrow Range Entering September 2022

  • 07-Sep-2022 3:57 PM
  • Journalist: Jacob Kutchner

The active demand for Fatty Alcohol from personal care industries has induced Asian and European nations to increase palm oil shipments from key exporting countries, Indonesia and Malaysia. As per the observed market scenario, Malaysia, the world's second-largest palm oil producer, has raised its production levels, increasing inventories above 2 million tonnes for the first time in more than two years at the end of August 2022, strengthening the market fundamentals of Fatty Alcohol in the global region. However, Malaysian exports have eased by 0.14% to 1.32 million tonnes amid escalating price competition with Indonesia.

In Malaysia, the price trends of Fatty Alcohols have demonstrated a modest inclination of USD 20 per tonne on September 7th, as compared to last week's prices. The fatty alcohol market has picked up momentum with the demand going forward and rising labor costs and shortages. In addition, the continuous and heavy rainfall in the domestic region has compounded the local manufacturers' production challenges. Furthermore, demand has also recovered in the Chinese region, leading to an increment of 0.5% in Fatty Alcohol prices in the same timeframe.

On the other hand, in the USA, the pricing dynamics of Fatty Alcohol have reversed their downward trajectory and witnessed an uptrend in the second week of September FY2022. According to a report published by the Institute of Supply Management (ISM), on the inflation front, the price index tumbled to 52.5 in August, dropping below 60 for the first time since August 2020. Furthermore, rising input costs and high energy prices have dampened downstream market sentiments in Germany. According to the data published by the German Federal Statistical Office, factory orders decreased 1.1% in the last month, driven by weak domestic and Eurozone markets.

As per ChemAnalyst, strong demand fundamentals from the downstream personal care and surfactant industries and global economic challenges will boost the market growth of Fatty Alcohol in the forthcoming weeks. However, the upcoming winter demand and increased energy prices will cause a headwind for US and European players.

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