果酱视频

Muted Construction Activity and Trade Tensions Weigh on N-Heptane Sentiment
Muted Construction Activity and Trade Tensions Weigh on N-Heptane Sentiment

Muted Construction Activity and Trade Tensions Weigh on N-Heptane Sentiment

  • 29-Apr-2025 8:30 PM
  • Journalist: Bob Duffler

N-Heptane prices across Asia stayed under pressure during mid-April 2025, with weak demand, slow downstream activity, and soft feedstock support keeping sentiment bearish. The end user construction sector slowdown, cautious procurement behavior, and reduced export momentum continued to limit any meaningful market recovery in the N-heptane market.

In China, N-Heptane demand from downstream paints and coatings remained subdued as the slowdown in construction activity persisted. The construction sector downturn, reflected in an 11.1% year-on-year drop in Q1 real estate sales, continued to weigh heavily on solvent consumption. Although steady automotive production offered some support, it was not enough to offset broader demand weakness.

Export activity remained slow, with congestion at Qingdao Port delaying shipments and contributing to high domestic inventories. Spot trading stayed thin, and producers lowered offers in response to mounting stock pressure and muted buying interest.

Global crude oil prices stayed under pressure through mid-April. The combination of weak demand expectations, signs of progress in U.S.-Iran talks, and U.S.-China trade tensions weighed heavily on crude markets. Lower oil prices reduced N-Heptane production costs but did not stimulate demand sufficiently to change the bearish outlook.

The Korean economy faced mounting downward pressure as external conditions deteriorated rapidly. Weakened growth in domestic and external demand weighed on industrial production, while construction sector investment slowed significantly that is impacting the N-heptane market. Paints and coatings demand, closely linked to construction and industrial growth, remained muted. Buyers maintained a conservative approach, with limited procurement seen across key downstream sectors.

South Korean exports picked up slightly from early-year lows, but growth slowed. U.S. tariff hikes worsened trade conditions, cutting export orders. Construction production continued to decline sharply, and industrial production growth stayed modest. In this environment, N-Heptane demand in South Korea stayed weak, with oversupply concerns rising.

In India, N-Heptane demand remained moderate. The paints and coatings sector provided some steady support due to high demand for n-heptane in the end user automobile sector. However, construction-linked consumption was weak as new residential project launches dropped by 34% year-on-year in Q1 2025. While cities like Bengaluru showed some resilience, overall buying sentiment remained cautious, with procurement restricted to immediate needs.

According to 果酱视频, N-Heptane prices in Asia are likely to remain soft in the near term. Although seasonal construction and coatings demand could improve slightly in the coming month, persistent oversupply, weak construction sector activity, and cautious export recovery are expected to keep overall market sentiment subdued.

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