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Rigorous winter storm adversely affected the US Linear Alpha Olefins market, where the production was literally snapped off. Several olefinsu2019 giants were forced to shut down their plants for weeks which led to a supply crisis across the US Market.
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Linear Alpha Olefin Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Linear Alpha Olefins (LAO) Market For the Quarter Ending March 2021 North America Rigorous winter storm adversely affected the US Linear Alpha Olefins market, where the production was literally snapped off. Several olefins’ giants were forced to shut down their plants for weeks which led to a supply crisis across the US Market. Manufacturers like LyondellBasell, ExxonMobil, INEOS Olefins & Polymers and Formosa Plastics, were forced to shut down their plants. Apart from these big plants, around 30 plants also remained idled for many days. Firm demand and low supply opportune some manufacturers to increase their olefins prices. Likewise, a major manufacturer increased their polymer grade and refinery grade Propylene prices by 33.5% and 10.7% respectively. FOLLOW US:
Linear Alpha Olefin Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Asia Asian Linear Alpha Olefins (LAO) market witnessed stable domestic demand from downstream sectors during Q1 2021. Although the supply remained tight across the region due to the global shortage, following the US Gulf storm crisis in February. Local supply for LAO in Southeast Asia also reduced due to the Chinese Lunar holidays. Chinese lunar holidays affected the supply in other Asian countries as well, like Inedia and South Korea. In India, CFR prices of C24-C28 increased by 8.15% from January to March ending. On the other hand, GS Caltex announced a project to build mixed feed cracker having 700,000 TPA Ethylene and 350,000 TPA Propylene capacity which is likely to enhance the production capacity of South Korea and ultimately reduce the supply crisis of Asian market in the long term. Get more info: https://www.chemanalyst.com/Pricing- data/linear-alpha-olefin-1103 Europe Linear Alpha Olefins (LAO) prices remained in uptrend across January, during Q1 2021. After January price acceleration was halted by the improved supply, as some cracker units restarted in the region. Shortage of supply amid high import demand from the Asian countries supported the prices of Linear Alpha Olefins (LAO). Borealis Stenungsund and INEOS Dormagen restarted their crackers in March, that improved the supply crisis across the region and effectively halted the price acceleration. FOLLOW US:
Linear Alpha Olefin Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Linear alpha olefins manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analysed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyses various aspects of the Global Linear alpha olefins market. The team analyses various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Linear alpha olefins market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders on monthly and yearly basis. and importers and customers Finally, region-specific markets for Linear alpha olefins are analysed and region-wise demand pattern is tracked. FOLLOW US:
Linear Alpha Olefin Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Linear Alpha Olefins (LAO) are important industrial alkenes with chemical formula CnH2n. LAO has a wide range of uses that varies with number of carbons in a compound, like C4 to C8 are used in polyethylene copolymers, C10 are utilized in synthetic lubricants, C12-C14 in detergents, and above C20 are used as an additive in lubricants. LAO is majorly consumed by downstream industries like packaging, lubricant, wax and others. Several other uses of LAO include plasticizers, synthetic acids and on oil fields. LAOs are commercially produced by mainly two methods i.e., oligomerisation of Ethylene and by Fischer-Tropsch synthesis. In Fischer-Tropsch synthesis, Carbon Monoxide and Hydrogen are converted into liquid hydrocarbon in the presence of metal catalyst. Product Specific Details CAS No.: Multiple CAS No; HS Code: 29012990 (Mapped Under Others); Grades: LAO Butene-1, Decene-1, C14-C18, C20-C24, C24- C28; Packaging Size: Drum/Tanks; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa FOLLOW US:
Linear Alpha Olefin Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can Help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally. FOLLOW US:
Linear Alpha Olefin Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. demand and supply outlook, ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research- based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace Management, BFSI and more. & Defense, Water and Waste CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:
