Towards the end of November xxxx, the U.S. x-EH (x-Ethylhexanol) market experienced divergence, with export prices remaining stable at historically low levels, while import prices saw depreciation over the week. The depreciation in x-EH import prices was largely attributed to expanded capacities across the broader oxo-alcohol market, resulting in price competition within the U.S. market. U.S. suppliers preferred to procure inexpensive imports, particularly from the Chinese market.
Across China, oxo-alcohol production capacity surpassed x million tonnes per year, with several new capacities expected to be added later in xxxx and into xxxx. According to market insights, domestic producer Satellite Chemical achieved a stable output of xxx,xxx tonnes per year, while Wanhua Chemicals was conducting test runs on a new x-EH production unit with an approximate capacity of xxx,xxx tonnes per year. Domestic x-EH output capacity in China rose by xxx,xxx tonnes per year, a xxx...
