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Asia, Mideast LAB under pressure from cheap China cargoes

Focus Asia, Mideast LAB under pressure from cheap China cargoes

Focus story by Fahima Khail

SINGAPORE (ICIS)--Spot prices of linear alkyl benzene (LAB) in Asia and the Middle East may continue to weaken on soft demand, and with cheaper cargoes available from China, industry sources said.

Recent declines in costs of raw material crude and feedstock  benzene and jet kerosene will also weigh on the LAB market, they said.

In southeast Asia, LAB import prices were assessed at $1,800-1,830/tonne CFR (cost and freight) SE Asia on  23 July, down $10-20/tonne from the previous week, according to ICIS data.

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