Texas (USA): Linear Alpha Olefin (LAO) prices showed signs of recovery in March as the global manufacturing situation began to turn around. This turnaround was led by a resurgence in Chinese manufacturing, as indicated by the second consecutive Caixin PMI score above xx, followed by positive trends in the US and Europe. Prices remained largely stable, while contracted prices continued to hold firm. Negotiations for new contracts for the second quarter of FYxx-xx indicated prices to remain stronger on a year-over-year (YoY) basis. Geographically, Asian prices saw the highest surge YoY, followed by European and North American supplies. This was attributed to Asian reliance on American and Middle Eastern supplies rather than domestic capacities.
In Asian markets, first-quarter FYxx-xx contracted prices to China through US suppliers were negotiated at USD xxxx/MT for LAO deliveries and over USD xxxx/MT for downstream PAO deliveries, marking a xxx increase YoY....
