SINGAPORE(ICIS)--Spot prices of mid-cut fatty alcohols C12-14 in Asia fell this week, in line with the weakening of upstream palm kernel oil (PKO) prices over the past two weeks, market sources said late on Wednesday.
C12-14 fatty alcohols prices fell by an average of $50/tonne to $1,950-2,050/tonne FOB (freight on board) SE (southeast) Asia in the week ended 2 April, according to ICIS data.
PKO prices are now hovering at about $1,200/tonne DEL (delivered) south Malaysia, down by around $115/tonne from two weeks ago after a bullish run from the fourth quarter of 2013.
Buyers of mid-cut fatty alcohols are holdings off purchases in view of the weakening upstream PKO market, industry sources said, as they expect raw material prices to fall further.
A balanced-to-tight market inventory levels, meanwhile, will support mid-cut fatty alcohols prices in spite of the PKO price fall, they said.