The x-Hexene market maintained a bearish trend throughout early October xxxx, driven by ample supply and subdued demand from key downstream industries. Market assessments indicated adequate inventory levels at the beginning of the month, keeping prices under pressure. Spot prices of LLDPE/HDPE—major downstream applications of x-Hexene—remained weak, reflecting sluggish domestic consumption. Despite lower demand, domestic production remained high, contributing to price stability, albeit offset by elevated freight costs.
In South Korea, maintenance activities at LLDPE/HDPE plants have been delayed, and the Producer Price Index (PPI) fell further below xxx in September as inventories reached historic highs, curbing inflationary pressures. Chinese consumers reduced x-Hexene consumption amid lower production hours, adding to the weak demand outlook. FOB Busan prices for x-Hexene were assessed at USD xxxx/MT in the week ending October xx, xxxx.
x-Hexene supply in South Korea remained abundant, supported by lower freight costs. While...
