Oct 04: Strong demand for Linear Alkyl Benzene (LAB) prevailed in the major Indian markets, primarily due to active off-takes by the detergent manufacturers. As a matter of fact, the detergent industry is the major user of LAB, which is also used as a solvent and binder in the production of cable oil, ink, paint and insulation materials. In the Delhi market today, LAB was sold at around Rs 150-155 per litre.
An official of Tamil Nadu Petroproducts Limited told Indianpetrochem, "Due to prevalence of strong demand in India, LAB is predominantly imported from the Middle East. Big buyers normally prefer importing it rather than purchasing domestically as price of imported LAB is lower." He further said," Buyers' preference for imported LAB is resulting in Indian LAB producers facing losses."
The current LAB production capacities of Tamil Nadu Petroproducts Limited and Indian Oil Corporation Limited are at 120 kilo tonne per annum and 115 kilo tonne per annum respectively. And, every year, at least one lakh tonne is imported into India. Besides, demand for LAB in India is estimated to rise by 5-6% in the next year.
Traders in the Delhi market also revealed to the website that there was no supply disruption in the market, and ample LAB stocks were available with traders.
For more details click here>>
An official of Tamil Nadu Petroproducts Limited told Indianpetrochem, "Due to prevalence of strong demand in India, LAB is predominantly imported from the Middle East. Big buyers normally prefer importing it rather than purchasing domestically as price of imported LAB is lower." He further said," Buyers' preference for imported LAB is resulting in Indian LAB producers facing losses."
The current LAB production capacities of Tamil Nadu Petroproducts Limited and Indian Oil Corporation Limited are at 120 kilo tonne per annum and 115 kilo tonne per annum respectively. And, every year, at least one lakh tonne is imported into India. Besides, demand for LAB in India is estimated to rise by 5-6% in the next year.
Traders in the Delhi market also revealed to the website that there was no supply disruption in the market, and ample LAB stocks were available with traders.
For more details click here>>
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