Sodium Lauryl Ether SulphatePrices Trend and Forecast

North America

The SodiumLauryl Ether Sulphate Prices have demonstrated mixed market sentimentsin the US market. With the global economic slowdown, the demand for Natural Gas has started to decline, easing the input cost pressures on the price realizations of Sodium Lauryl Ether Sulphate (SLES). However, the cost support from upstream was limited as the contrary price trend was observed in Q1. Furthermore, the inquiries from the downstream surfactant and detergent
industries were moderate and didn’t support the upshift observed in the offers
at the end of the first quarter. The freight charges were on the lower end amid
an over-availability of containers at the US ports. Moreover, the financial
sector worries amidst the failure of two banks have constrained the market growth of Sodium Lauryl Ether Sulphate (SLES) in Q1-end.

APAC

In the domestic region of China,the prices of Sodium Lauryl Ether Sulphate (SLES) have demonstrated a volatile price trend. After the exemption of COVID-19 restriction in early Q1, the manufacturing activities have started to streamline. The spring festival holidays have further impacted the production and logistics across the nation as a limited workforce was available. With the expansion in the manufacturing sector, the purchasing manager index has also settled above 50 points in mid-Q1. However, the demand from the downstream surfactant and other end-use industries remained moderate as there was already enough material availability to carry out production. On the upstream cost front, the prices of Palm oil also prompted downward pressure on the price realizations of SLES. However, in late Q1, the prices of SLES improved amid the tight availability of feedstock Palm Oil, reported by market participants.

Europe

With the start of the firstquarter, ease in input cost inflation was triggered by falling TTF natural gas costs. The production costs have started to decline, alleviating the pressure from the price realization of Sodium Lauryl Ether Sulphate (SLES) in the German market. However, in order to rein the spiraling inflation, which has curbed the purchasing sentiments of end-use industries, the European Central Bank has tightened its monetary policy by increasing its interest rates. Furthermore, the demand from the downstream surfactant and detergent industries didn’t escalate much and remained on the lower end. However, towards the end of the first quarter, the price realizations of SLES have inched higher amid a rise in the market value of upstream Palm oilprices. The supply of raw materials was relatively tight, and theshortage of skilled workforce further compounded the market challenge for Sodium Lauryl Ether Sulphate (SLES) at the end of the first quarter.

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