Global x-Ethylhexanoic Acid (x-EHA) market prevailed optimistic trend during the first week of July. The prices surged by a significant margin owing to elevated feedstock prices, shortage of material and firm demand from the downstream paints and coatings sector. The elevated price of essential raw material Propylene and Crude Oil prompted towards increased production rates thus exerting upward pressure on x-EHA prices.
The Chinese x-EHA market experienced a notable surge of USD xx/MT in prices, following a period of stagnation in the preceding week. Throughout the week in review there has been robust demand from the downstream paints and coatings industry. This sector, crucial to the consumption of x-EHA, has benefited from the strong performance of China&#xx;s domestic automotive and construction sector. Statistics suggest that xxx,xxx EVs were sold in the April-June. BYD, a Chinese competitor, sustained consistent growth in electric vehicle (EV) sales, whereas newcomers...
