Prices of White Oil have continued their stable trend across the US market throughout the first half of January xxxx despite prices of upstream Crude Oil increasing by approximately x.xx at the same time, which was expected to increase production costs. However, the stabilization in the prices of White Oil was largely attributed to maintenance of an adequate gap between demand and supply which prevented the prices of the product from fluctuating.
On the demand side, the demand of White Oil from the cosmetics and skincare industry was recorded to be moderate despite the present dullness continuing to prevail across the US market and a low international trade as freight charges to US East Coat from East Asia declined by approximately xxx. Easing of restrictions by the Panama Canal Authority was also recorded as evidenced by increase in the number of daily transits to...
