Shanghai (China): The n-Hexane market witnessed a recovery in prices during the early weeks of February, marking a rebound from the recent decline in January xxxx. However, overall market sentiments remained subdued. The surge in crude oil prices, influenced by disruptions in the Red Sea supply, had a marginal impact on feedstock crude oil prices, coinciding with speculations about a ceasefire between Hamas and Israel.
The increasing demand for soybeans, driven by urbanization, income growth, and rising per capita consumption of soy-related foods, has a direct impact on the pricing of n-Hexane. N-Hexane, utilized as a solvent in the extraction of vegetable oils, particularly in the food industry, is intricately linked to the soybean market. The stability of n-Hexane prices in China correlates with the country&#xx;s advancements in biological breeding and seed innovation. Innovations like oilseed with shorter growth cycles play a pivotal role in enhancing extraction...
