Texas (USA): x-Hexene prices are expected to remain subdued in the upcoming quarter of FYxx due to prevailing oversupply sentiments in the global polyethylene markets. Global recovery in the chemical segments is anticipated to commence by FYxx, as reported by CEFIC. This analysis is supported by fourth-quarter data from various regions, indicating oversupply in polyethylene markets worldwide, leading to subdued prices due to negative demand pressures. x-Hexene prices persist around xxx above pre-pandemic levels following significant deflation observed in FYxx.
In North American markets, x-Hexene prices have returned to pre-pandemic levels amidst significant negative demand pressures, largely due to high interest rates and subdued construction and consumer sentiments. Construction demand for x-Hexene/ethylene polyethylene segments has drastically fallen due to high builder costs, labor market tightening, and lower demand from homebuyers. Despite a slight uptick in x-Hexene supply to the construction market in December, oversupply is observed, mainly...
