Texas (USA): Hexene prices stabilize in the USA after a strong deceleration owing to oversupply, elevated intermediate inventories held by downstream suppliers, and downward pressure on feedstock prices. While Hexene prices stabilize, an uptick in downstream HDPE prices has been observed since the beginning of FYxx. Demand sentiments, though remaining weak, continue to be higher than in FYxx, with the mortgage crisis subsiding to a significant extent. While price recovery remains a distant projection, demand recovery is certain in the US, with spread margin degradation in Qx being offset by higher volumes. As FYxx progresses, Hexene prices are set to stabilize and rise to a significant extent again with demand recovery and improvement in the sustainability transition situation across the globe.
In US markets, Hexene FOB Texas declined by xx in the month of February due to weak global demand and the falling price point of ethylene...
