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N-Hexane prices in Asia remained stable through mid-April 2025, supported by steady demand in the downstream edible oil extraction industries. However, lower feedstock crude oil costs, weak demand from construction-related paints and coatings, and soft export activity limited any price gains in the n-hexane market. Market participants continued a cautious, short-term procurement strategy.

In China, N-Hexane prices stayed unchanged. Downstream edible oil processors maintained healthy offtake levels, encouraged by strong soybean imports from Brazil. In contrast, demand from paints and coatings tied to construction remained slow, as project delays and limited funding weighed on consumption. Traders continued to focus on spot transactions. Congestion at Qingdao Port, caused by fog and dredging work, created shipment delays, while inventories of N-hexane at domestic terminals rose modestly.

Feedstock Crude oil prices declined further in April. The drop followed OPEC+鈥檚 decision to raise production levels amid rising concerns over weaker global demand. Recession fears and a lack of clear direction in trade policy by the US also contributed to a broader slowdown in energy markets.

China鈥檚 manufacturing activity slowed as export orders weakened under rising U.S. tariffs. With duties reaching up to 145% on select Chinese goods and Beijing issuing its own measures in response, trade tensions have intensified. April saw fewer new orders, particularly in export-led industries. Many suppliers had fulfilled contracts early to avoid tariff impacts in March, leading to a decline in production schedules and rising inventories.

In South Korea, the economic environment worsened. GDP dipped 0.1% from last year, with soft consumer spending and trade being rattled by global uncertainty. N-Hexane demand in paints and coatings fell as construction and business investment slowed. Buyers kept purchases small, avoiding big orders.

Export conditions in South Korea deteriorated further by mid-April. Though early-year shipments improved briefly, continued U.S. tariffs pressured demand from key market. Paints and coatings consumption in construction applications dropped further. N-hexane Inventory levels rose, and sentiment among downstream manufacturers remained subdued, impacting the N-hexane market.

India鈥檚 N-Hexane market was supported by oil extraction demand, but activity in construction-related coatings was limited. With Q1 residential project launches falling by 34%, a broader demand recovery in the sector remains uncertain. Buyers restricted purchases to immediate needs, with stable local supply easing restocking pressure.

Going forward, N-Hexane prices in Asia are expected to stay flat or slightly weaker. Seasonal construction activity may lend some support, but without a strong recovery in coatings and industrial demand, pricing will likely remain capped. Export headwinds and trade friction will continue to influence sentiment into Q2. 听