During the end of March xxxx, domestic and export prices of x Ethylhexanol (x-EH) in US have increased by approximately xxx.
Despite prices of raw material Propylene witnessing a stability during the same time frame, the US x-EH was largely driven by high demand from the downstream paints and coating and plasticizer industries from the well performing construction sector and the automotive sector. Despite major Propylene plants across the US having undergone a maintenance turnaround or force majeure such as Dow Chemical at Freeport, Texas and Cheverton Philips at Old Ocean, Texas, this did not affect the prices of the feedstock Propylene.
Increments in the prices of x-EH are also attributed to the recent price hikes of USD xxx/MT announced by Eastman Chemicals in a press release dated March xx, xxxx, which were effective from March xx, xxxx. Providing...
