The Market for n-Hexane in China is Predicted to Grow in the Coming Months

The n-Hexane market in China remains stable. Over this week, the market for this commodity has been balanced due to typical supply-demand dynamics. China is one of the n-Hexane's largest markets, accounting for a significant portion of global demand.

The market has been going up in the previous quarter, and it is likely to keep rising in the near future. The analyses performed by ChemAnalyst indicate that since the last week of October 2022, the market for this commodity has been expanding and then remained stable from the beginning of January 2023 through the Chinese New Year break.

However, at the beginning of this month, the price of n-Hexane significantly decreased due to lessened demand from downstream businesses and slashed prices of upstream crude oil, and in the previous week, the price declined further by US $10 per MT and remained constant throughout this week.

n-Hexane is primarily used to produce furniture, footwear, and textiles in the region. A rise in demand across these sectors could propel the market for this product to expand.

The market for n-Hexane will benefit from the relaxation of Covid- 19 restrictions, which is expected to increase production activities in upstream and downstream companies in various sectors across the nation. This could contribute to the nation's economic growth and could have a good impact on n-Hexane's market.

The company anticipates that India will place more import orders for this product and that the price of upstream crude oil will rise, both of which could significantly affect the price of n-Hexane.

Consumers who have so far purchased this commodity in response to the demand for their end-products are likely to increase their purchases in the upcoming months to improve their production and sales. Consequently, sellers and suppliers of this product are likely to increase n-Hexane stockpiles in their warehouses and inventories to meet the increased demand.

As on 17th February 2023, the cost of n-Hexane stood at $1,490 per MT on FOB – Qingdao basis. The firm has estimated the price to increase by 3.45% per MT in March and by a further 3% in the month of April.