Hexene prices poised for recovery in Europe amidst rising ethylene prices in the early days of August. Cx spot prices were revised up by producers like LYB and Eni amidst commodities market speculative trading began. Spot prices went as high as USD xx/MT to USD xx/MT while the contract price revision for August went up by EUR xx/MT. While the suppliers focus on extracting higher margins, demand for Hexene remained relatively stronger on a YoY basis in xxxx. This was attested largely due to falling interest rates by European Central bank and subsequently by reflected in the fall of mortgage rates in the beginning of August xxxx. In the context of falling interest rates, easing of crude futures and rising Cx prices, the Hexene market and subsequent HDPE and LLDPE markets are forecast for recovery in Hx xxxx.
On July xx, an explosion occurred at BASF...
