Shanghai (China): China experienced a decline in the prices of n-heptane, a solvent extensively employed in formulating paints and coatings for the construction and automobile industries. This drop in n-heptane was attributed to the lack of robust cost support from feedstocks like crude oil and subdued market sentiments leading up to the Spring Festival. The overall low market confidence has resulted in cautious petrochemical restocking in China before the Lunar New Year holiday, as industry participants are hesitant to build up inventory amid uncertainty regarding demand recovery in March. Furthermore, numerous downstream plants in China have either suspended or reduced production since the end of January, with the possibility of not resuming or returning to full capacity operations until the conclusion of February.
The property and construction sectors stand as significant downstream industries for n-heptane. In xxxx, the property sector witnessed a x.xx decline in added value,...
