Cyclohexane Prices

Cyclohexane Prices June 2024

In the Quarter 2, the cyclohexane prices in China reached 1260 USD/MT in June. The market saw significant price increases driven by heightened production expenses and tight supply chains. The combination of seasonal demand peaks and strong organizational growth spurred upward pricing trends. Constraints like excessive shipping rates and seasonal influences, including heat and monsoon effects, reinforced the optimistic estimating momentum in the province.

The price trend for cyclohexane in Germany for Q2 2024 settled at 1675 USD/MT in June. The market exhibited strong price growth, influenced by seasonal demand for construction-associated coatings and paints. Rising feedstock costs, supply limitations, and logistical disruptions further supported an upward trend. A steady recovery in downstream demand bolstered prices, with the market concluding the quarter on a positive note marked by constant supply restrictions and strong industry demand.

Cyclohexane Prices December 2023

The cyclohexane prices in China for Q4 2023 reached 1038 USD/MT in December. In Q4 2023, prices increased notably due to heightened inventory aquistion activities by traders despite a drop in benzene prices. Ongoing production slowdowns added to supply shortages, while sustained consumption across the construction and paint sectors pressured prices upward. Moreover, weak export orders and lower production prices somewhat tempered the price rise.

Regional Coverage

The report provides a detailed analysis of the cyclohexane market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cyclohexane price trend.

Global Cyclohexane Price

The report offers a holistic view of the global cyclohexane pricing trends in the form of cyclohexane price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into cyclohexane historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into cyclohexane price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cyclohexane demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cyclohexane Price

Q2 2024:

In Q2 2024, in Europe, the market prices followed a higher trend fueled dense supply chain and a mix of elevated raw material costs compounded by shipping disruptions and challenging weather. A generally favorable market environment was facilitated by the production industry recovery as well as consistent demand from end use sectors such as coatings and paints. Germany saw the strongest price increases, as summer-driven construction demand supported price growth. Comparatively, year-over-year rates indicated strong growth, driven by continued supply and demand limitations. As a result, the European market retained a bullish outlook, underpinned by a blend of constrained supply and solid demand renewal.

Q4 2023:

In Q4 2023, the market in Europe displayed a bullish trend, even as benzene prices fell. This increase was largely due to tight supplies in the Eurozone, where industrial chemical manufacturing had contracted. The shortage of cyclohexane was compounded by weak need from the coatings and paints sector, which struggled amid a broader downturn in the construction sector. Moreover, commercial, civil engineering, and housebuilding projects, faced significant declines. The sector saw a notable reduction in residential permits and job losses, with sentiment towards investments hitting ancient lows by the end of the year. These factors contributed to the overall upward price movement for cyclohexane in the region.

This analysis can be extended to include detailed cyclohexane price information for a comprehensive list of countries.

North America Cyclohexane Price

Q2 2024:

In FY24, the market encountered a largely bearish environment, largely due to fluctuations in raw material Benzene prices, affecting the prices after beginning 2024 comparatively stable and then declining. As home and personal construction projects slowed, requirements from prominent end-use industries, like coatings, construction, and paints, stayed weak. This industry was impacted by increasing loan costs and the unpredictability of the upcoming political voting, which discouraged potential homebuyers and limited belief among engineers. A positive shift, however, arose at the quarter's end as communal construction expenditure increased, offering some stability in an otherwise subdued market. Besides this, the regional market navigated a challenging landscape marked by volatile pricing and weak sectoral demand.

Q4 2023:

In Q4 2023, the cyclohexane market in North America experienced a bullish outlook regardless of a significant drop in benzene prices. The main driver of this trend was a persistent supply shortage of cyclohexane, exacerbated by strong demand from the Mexican market. The robust performance of the construction and automotive industry in Mexico, along with increased activity in the United States automotive and construction industries, put additional pressure on cyclohexane inventories. This was further complicated by production challenges in the U.S., which struggled to keep up with the rising demand. As a result, the market saw a continued upward pressure on cyclohexane prices throughout the quarter.

Specific cyclohexane historical data within the United States and Canada can also be provided.

Middle East and Africa Cyclohexane Price

The report explores the cyclohexane pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on cyclohexane prices for countries can also be provided.

Asia Pacific Cyclohexane Price

Q2 2024:

The Asia-Pacific market witnessed notable price increases in Q2 2024, primarily influenced by rising costs of feedstocks like Naphtha and Benzene, as well as varying trade dynamics. Supply was strained by functioning limitations brought on by seasonal hot spells and higher manufacturing rates. The burgeoning consumption from sectors such as coatings and paints remained robust, driven by substantial transportation projects across the region. The prices in China skyrocketed due to tight inventories, high manufacturing costs, and freight fees. Seasonal influences, including higher summer heat and monsoon effects, created demand shifts but pushed prices upward. The quarter closed with a positive price trend as sustained demand coupled with restricted supply supported higher pricing across the province.

Q4 2023:

The Asia-Pacific region saw a significant rise in Q4 2023, driven by increased buying activity from Chinese traders who were keen to stock up on the product. Despite a drop in benzene prices, product prices surged due to instant demand and a supply deficit caused by ongoing reductions in production across China. The growing need for paints and coatings remained relatively strong, buoyed by activity in the construction sector, though export orders remained weak. This situation led to a complex market dynamic where, despite reduced manufacturing prices, a supply shortfall and high domestic demand pushed cyclohexane prices higher.

This cyclohexane price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cyclohexane Price

The analysis of cyclohexane prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Cyclohexane Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Cyclohexane Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of cyclohexane pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of cyclohexane at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cyclohexane price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing cyclohexane price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Cyclohexane Market Analysis

The global cyclohexane market size reached US$ 26.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 41.1 Billion, at a projected CAGR of 5.20% during 2023-2032.

• The cyclohexane demand is amplified globally due to its utilization in manufacturing nylon 6,6 and nylon 6 intermediates, such as caprolactam, hexamethylenediamine, and adipic acid. These materials are used in carpets, furniture, floor coverings, ropes, sutures, and other things. IMARC Group’s latest report predicts that the market for nylon 6 will reach US$ 44.7 billion by 2032, growing at an annual rate of 7%. Also, companies are expanding their nylon production capacity to meet the surge in demand. For instance, Invista Nylon Chemicals invested USD 230 million to double the capacity of its Shanghai-based nylon 6,6 manufacturing plant to 400000 tons/year.
• The demand for cyclohexane in automotive manufacturing is another critical factor, expanding its market. Nylon derived from cyclohexane is used in seat coverings, safety belts, and other components. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), approximately 50 million passenger cars were manufactured globally during the Q1, Q2, and Q3 of 2022, which was a 9% increase from the same period in 2021. This trend reflects a potential rise in demand for cyclohexane to produce nylon for various automotive parts.
• The surge in demand for polyurethane (PU), which utilizes cyclohexane as an essential feedstock in driving the market expansion. Polyurethane is used in insulation, foams, and other applications. PU foam industry is projected to grow at a rate of 5.8% annually and reach a value of US$ 87.8 billion by 2032. Also, in Europe, PU is a significant contributor to the European Union (EU) economy, creating a value of Euro 218.1 billion and adding 363500 jobs.
• Advancements in the production of cyclohexane is also playing a vital role in expanding its market share. For instance, researchers have developed a mass exchange process with a counter current gas permeation membrane, which exhibits a 40.08 reduction in power consumption and 3.59% decline in hydrogen utilization. Furthermore, researchers are exploring the selective conversion of methane to cyclohexane and hydrogen. This new method promises outstanding selectivity of 92% and productivity of 41 μmol g−1 at 300°C.

Cyclohexane News

The report covers the latest developments, updates, and trends impacting the global cyclohexane market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cyclohexane production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cyclohexane price trend.

Latest developments in the cyclohexane industry:

• In October 2021, BP Plc. entered into a partnership with Lanxess. Under this agreement, BP will provide sustainably produced cyclohexane to the Lanxess plant in Belgium, starting in Q4 of 2021 to produce its new product called Durethan BlueBKV60H2.0EF.
• In September 2023, ExxonMobil, a leading producer of chemicals like cyclohexane, announced its plant to build new two new chemical production plants in Texas. The company will invest $ 2 billion in this expansion project to meet the demand for high-value products from its U.S. Gulf Coast refining and chemical facilities.

Product Description

Cyclohexane (C₆H₁₂), also known as hexamethylene, is a clear, colorless, liquid organic compound with a mild petroleum-like odor. It is barely soluble in water but offers excellent solubility in benzene, carbon tetra chloride, acetone, olive oil, ethyl ether, and ethanol. The physical property of cyclohexane includes melting point (6.47°C), boiling point (80.7°C), specific gravity (0.779), formula weight (84.161), and flash point (-4 °F).

Cyclohexane is naturally found in Helichrysum odoratissimum, Manilkara zapota, and other organisms. It is commercially produced by hydrogenation of benzene using platinum, nickel, or palladium as catalysts. Cyclohexane also occurs in petroleum (o.5-1.0%), where it is extracted through distillation.

This chemical is used as a solvent, fuel additive, processing aid, monomer, laboratory chemical, and intermediate in chemical synthesis. It is also employed in perfume manufacturing, surface coatings, plastic production, and the extraction of essential oils.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cyclohexane pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting cyclohexane price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cyclohexane price charts ensure our clients remain at the forefront of the industry.