Nov 2, 2022
In Europe, prices of n-Hexane got lowered over the past three months (from August till October). Demand has been severely weakened by the economic downturn and the fear of a recession.
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In Europe, prices of n-Hexane got lowered over the past three months (from August till October). Demand has been severely weakened by the economic downturn and the fear of a recession.
During the second quarter of 2021, market activities were subdued in the Asia Pacific region due to unprecedented rise in COVID cases in several Southeast Asian countries. The second COVID wave in India restricted the public movement and amidst the hovering uncertainties buyers were reluctant to procure in bulk. However, the situation improved in the second half following the ease in restrictions which led to improved market activities, therefore the offers of n-Hexane were raised in June with Ex-Work n-Hexane Prices reaching USD 805 per tonne. In China, imports of the brent crude surged which proportionally improved the availability of the n-Hexane in the Chinese market.