LDO, or light diesel oil, is essentially a mixture of substances obtained from the distillation of diesel. It is used, for instance, in boilers and furnaces that have engines that spin at less than 750 rpm. Light diesel oil is known as distillate fuel or marked oil since it has a colouring agent to identify it.
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Light diesel oil has a flash point of 66 degrees Celsius. Light diesel oil is produced by the waste oil and involves the addition of a liquid-phase catalyst. The light crude oil is collected by using the cooling furnace. The chemical formula of light diesel oil is CxHy.
The top consumers in the market of light diesel oil are the United States and India. Whereas the top supplier of light diesel oil is Japan.
Key Details About the Light Diesel Oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the light diesel oil price and lithium carbonate price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The light diesel oil price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting light diesel oil Price Trend:
Light diesel oil price trend is affected by its industrial uses which include as a key ingredient in electricity generation, and as a heating agent in the production units. Light diesel oil is also employed in low RPM engines and Equipment.
Key Market Players:
- Royal Dutch Shell (Shell)
- Chevron Corporation
- Bajrang Petrochemicals Pvt Ltd
News and Events:
- June 22, 2022: President Joe Biden asked Congress to suspend federal gasoline and diesel taxes for three months in an effort to ease financial pressures at the pump and highlight the political toxicity of high gas prices.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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