Fatty Alcohol Ethoxylates Prices Decline Worldwide in June
- 21-Jun-2022 6:05 PM
- Journalist: Bob Duffler
Houston, USA: The global Fatty Alcohol Ethoxylates market has rallied downhill this month on the back of weak upstream Palm oil value. As a result, palm oil inventory levels in most countries climbed up unprecedentedly. These higher inventories additionally promoted price correction in the Fatty Alcohol Ethoxylates market.
A prominent Indian company, Adani Wilmar, has reduced its maximum retail price for edible oil (Rs. 10 per litre) thanks to surging Indonesian Palm oil exports that also led the Malaysian price to tumble. According to the Malaysian Palm Oil Board, shipments to India were down by 30 per cent during the first 20 days of June, while cargoes to the European Union fell by 13 per cent. In contrast, exports to China increased more than 70 per cent this month. On the other hand, Indonesian exports of Palm Oil were observed to rise from 1 million tonnes to more than 2.2 million tonnes, data revealed on Monday.
Therefore, the higher output from the top Palm oil producer and exporter, Indonesia, has led to ample supplies to the regional Palm-derivative players worldwide. Consequently, the overall demand fundamentals from the downstream surfactant and cosmetic industries were stagnant over the past few weeks in the international market.
A trader quoted that the outlook of Fatty Alcohol Ethoxylates market is expected to become even more bearish in the aftermath of the higher production estimates from the Southern Peninsula Palm Oil Millers' Association (SPPOMA) and Malaysian Palm Oil Association (MPOA).
According to ChemAnalyst experts' assumption, "the market dynamics of Fatty Alcohol Ethoxylates is expected to be sluggish in the coming weeks across the overseas market. The upstream Palm oil supplies could likely stay abundant in the regional market with higher production from Indonesia. Also, the Malaysian Palm Oil price trend is estimated to slide further down, prompting the downstream surfactant and cosmetic players to implement price correction for their Fatty Alcohol Ethoxylates product lines."
