In the first half of January xxxx, the global x-Ethylhexanoic Acid (x-EHA) market continued its upward trajectory, aligning with the trend observed over the past two months. OQ Chemical&#xx;s earlier price increase set the stage for subsequent increments by small traders, contributing to the overall upward trend. The surge in the price of crucial raw material Crude Oil during this period added to the production costs, exerting upward pressure on x-EHA prices. Firm demand from the downstream automotive industry and ongoing trade uncertainties remained key factors propelling the upward trajectory of x-EHA prices.
In the United States, January xxxx witnessed an upward surge in x-EHA prices, primarily attributed to heightened shipping rates originating from the country. Uncertainties in major shipping routes, driven by persistent attacks on ships in the Red Sea, led to increased ocean freight rates, raising concerns about inflation and delayed goods. Strategic redirection of...
