The market situation of x-Ethylhexanol (x-EH) was recorded to have witnessed a bullish situation during January xxxx, with prices x-EH increasing by approximately xx respectively across the German market. The prime reason for these increments in the prices of x-EH is largely attributed to the undersupplied market situation of feedstock Propylene and increasing prices of upstream Crude Oil whose prices witnessed increments of approximately xxx and x.xx, respectively. Supply conditions of feedstock Propylene remained tight across Germany as traders anticipated a high demand of feedstock for Polypropylene and Polymer industry and sought to restock inventories of Propylene amidst its low availability which compelled production costs of x-EH to rise in the German market.
The low inventories of Propylene were majorly attributed to declaration of force majeure throughout the first half of January xxxx across various Propylene plants across the exporting US market owing to challenging weather conditions...
