Get the latest insights on price movement and trend analysis of Heavy Alkyl Benzene (HAB) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Heavy Alkyl Benzene Price Trend for the Second Half of 2022
H2 2022 started with a steady decline in HAB (Heavy Alkyl Benzene) prices in the Asian market. Initially, the sullen industrial and economic activities because of the state-imposed lockdown in China were the reason for very low market demands for HAB. But as the markets opened in later Q3, crude oil prices started stabilizing providing the necessary respite to the Asian petrochemical industry. The feedstock benzene prices started declining causing the upstream cost pressure to stabilize eventually leading to a downward wavering, falling trend for Heavy Alkyl Benzene.
A very mixed price sentiment was observed for Heavy Alkyl Benzene in European markets during H2 2022. Price trends had an oscillating movement, but an overall downward inclination was observed. The reason was bearish demands from the market. High inflation and energy prices here remained the reason for some peaks in the Heavy Alkyl Benzene price trends.
The US domestic market mimicked the same global outlook for the Heavy Alkyl Benzene prices. Because of damped demands in the market, the prices couldn’t sustain a high run. But in later Q4 demands from the industrial sector started rising again and price trends too started rising. Overall, a mixed price trend was observed in this region in the said period.
According to Procurement Resource, the price trends for Heavy Alkyl Benzene are expected to remain oscillating (with a little upward inclination) in the coming quarter. As the markets are warming up and industries are opening again, the projections look positive for demand dynamics.
Heavy Alkyl Benzene (HAB) Price Trend For the First Half of 2022
The high crude oil and natural gas prices due to the Russian-Ukrainian conflict heavily impacted the petrochemical industry. The prices of feedstock benzene soared, which caused the Heavy Alkyl Benzene (HAB) prices to rise in the Indian domestic market along with the booming demand from the downstream detergents and laundry industries. The HAB prices averaged 2848 USD/MT in the Indian domestic market.
However, the price trends for HAB in the Chinese domestic arena were somewhat opposite to that seen in the Indian market. During the first quarter, despite the high crude oil prices, the HAB prices stood firm due to sufficient inventories in the market. The HAB prices declined towards the second quarter owing to the muted market sentiments due to the zero-tolerance covid restrictions by the Chinese government.
The price trends for Heavy Alkyl Benzene (HAB) remained anchored in the European market throughout the said period. The surging operating costs, supply shortages, trade restrictions and budding downstream demand caused the HAB prices to rise steeply. The HAB prices averaged 2475 USD/MT in the European domestic arena.
The HAB prices surged throughout the US domestic market owing to the heightened energy costs, labour shortages and trade restrictions. The price of HAB averaged 2080 USD/MT during the first quarter of the said year. The prices steadily increased during the second quarter due to the robust downstream demand, and the supply further tightened due to the shutdown of many refineries for annual maintenance checks.
Procurement Resource provides latest prices of Heavy Alkyl Benzene. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Heavy Alkyl Benzene (HAB) is a byproduct formed during the production process of linear alkyl benzene (LAB). It’s a clear and limpid noncorrosive liquid. It is used as heat transfer oil and lubricating greases. Heavy Alkyl Benzene is the primary raw material for lubricants, metal surface treatment products, including galvanic and electroplating products.
|Product Name||Heavy Alkyl Benzene (HAB)|
|Industrial Uses||Heat transfer oil, Lubricating greases, Refrigeration and compressor oils, Metal forming lubricants / metal working fluids, Lubricant component, Dielectric oils, Fat liquoring oils for the leather industry, Plasticisers and extenders, Hydraulic fluids|
|Synonyms||Heavy alkylates, HAB, Heavy linear alkyl benzene, 85117-41-5|
|Supplier Database||Egyptian Linear Alkyl Benzene Co. (ELAB), Asia Petrochemicals LLC, Cepsa|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The UOP (Universal Oil Products) process involves pre-fraction, hydro-treating, extraction, dehydrogenation, and alkylation to produce linear alkyl benzene, where Heavy Alkyl Benzene is formed as a byproduct.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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