Cyclohexanone Prices

Cyclohexanone Prices September 2024

The cyclohexanone prices in the United States for Q3 2024 reached 1635 USD/MT in September. The USA witnessed a gradual shift in pricing trends. Initially, prices fell due to weakened demand for cyclohexanone from key sectors including adipic acid and nylon production. A seasonal slowdown in these industries, coupled with surplus domestic production, resulted in lower prices in the initial quarter. Stable raw material costs, particularly benzene, further contributed to the reduction in production expenses and prices.

The price trend for cyclohexanone in Japan for Q3 2024 settled at 1440 USD/MT in September. The market faced considerable price increases, primarily driven by increasing benzene costs, which heightened manufacturing expenses. In line with this, port jamming caused significant disruptions to supply chains, tightening domestic availability. This combination of factors led to substantial price increases in Japan, reflecting broader domestic trends.

In the Netherlands, the cyclohexanone prices for Q3 2024 reached 1820 USD/MT in September. The market faced varied pricing trends, with a price decrease in the first half, attributed to the subdued demand from industries including adipic acid, caprolactam, and nylon production. A surplus of supply, along with increased local manufacturing and inventory adjustments, contributed to lower prices. However, by the latter half of the quarter, a stabilization in pricing was observed due to a balanced supply-demand scenario.

Cyclohexanone Prices June 2024

The cyclohexanone prices in the United States for Q2 2024 reached 1630 USD/MT in June. The prices followed a stable upward pattern, influenced by the rising employment in nylon-related industries during the seasonally high production period. Stable feedstock costs kept production expenses in check, which, alongside balanced imports and exports, supported market stability. The seasonally driven demand further underscored this trend, reflecting a robust market environment where constant industrial needs pushed prices to a favorable position by the end of the quarter.

The price trend for cyclohexanone in Japan for Q2 2024 reached 1165 USD/MT in June. The market faced an initial dip, driven by limited seasonal need and high inventories. As the quarter advanced, however, increased industrial activity and a rise in feedstock costs began to push prices upward. Enhanced export opportunities further limited local availability, fostering a positive price environment toward the quarter’s end. This evolving demand and production cost balance underscored the shifting market dynamics within the Japanese cyclohexanone sector.

In Germany, the cyclohexanone prices for Q2 2024 reached 2065 USD/MT in June. The market experienced a notable increase in prices, supported by solid industrial demand across key sectors. The consistent upward movement was largely driven by heightened seasonal activities and regional supply chain disruptions. With rising raw material expenses and logistical challenges adding to the trend, the market reflected a strong pricing environment through the close of the quarter. Germany’s pricing reflected both supply and cost pressures, marking a positive outlook for the market.

Cyclohexanone Prices December 2023

Due to restrictions of vessels’ transition, supply chain was affected, and the USA market experienced a bearish trend, reaching 1593 USD/MT in the fourth quarter of 2023. The market also witnessed price hikes due to limited inventory of cyclohexanone in the domestic market. Meanwhile, the demand from downstream industries also negatively impacted the market in the country.

The cyclohexanone market in Japan shows a downward trajectory, with a 4% decrease in Q4 2023 as compared to the same quarter of the previous year and reached 1250 USD/MT. This was further declined by 2% due to several factors like falling capacity of domestic petrochemical production that heavily impacted the cyclohexanone market in Japan.

The fourth quarter of 2023 witnessed a moderate trend in Netherlands, with 1.9% decline in prices in December, reaching 1868 USD/MT. Although, several production plants were undergoing maintenance, which affected the supply chain of cyclohexanone in the country. 

Regional Coverage

The report provides a detailed analysis of the cyclohexanone 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 cyclohexanone price trend.

Global Cyclohexanone Price

The report offers a holistic view of the global cyclohexanone pricing trends in the form of cyclohexanone 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 current price of cyclohexanone but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 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 cyclohexanone 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 Cyclohexanone Price

Q3 2024:

During the third quarter of 2024, the market in Europe exhibited mixed pricing trends, owing to a combination of demand fluctuations and production dynamics. During the initial part of the quarter, prices declined due to a provisional slowdown in key downstream industries, including adipic acid, caprolactam, and nylon production. This demand reduction, coupled with increased local manufacturing and inventory adjustments, created a market surplus that further pressured prices downward. The broader economic slowdown in Europe also mirrored global trends, contributing to this decline. As the quarter progressed, a stabilization phase emerged, particularly in the Netherlands, where the demand and supply became more balanced. This equilibrium was supported by steady imports from neighboring countries, including Belgium and Germany, which ensured adequate supply levels.

Q2 2024:

Cyclohexanone prices in Europe experienced notable increases in the second quarter of 2024, primarily due to strong industrial demand and supply-side constraints. The robust activity in the caprolactam and nylon sectors sustained high demand over the quarter. This need was further impacted by periodic supply chain disturbances, influenced by limited raw material availability and temporary facility halts. Rising raw material costs, tied to global oil price fluctuations, compounded the price trend, while inflation and increased logistics expenses also played a role. Germany, where seasonal industry demands were particularly high, observed steady price rises. The region’s market reflected positive pricing trends despite inflationary stresses and logistical challenges, with a favorable sentiment throughout the quarter.

Q4 2023:

The European region has experienced a bearish price trend due to the destocking nature of manufacturing facilities, which leads to a decline in prices. The reduction in domestic petrochemical capacity has also impacted the prices in the region. However, there was an increase in overseas demand due to thriving biofuel industry. In December, the market experienced a moderate supply as several production facilities were undergoing maintenance.

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

North America Cyclohexanone Price

Q3 2024:

The cyclohexanone market in North America witnessed a fluctuating pricing scenario throughout the third quarter of 2024. Initially, prices fell due to the sluggish demand from key sectors, including adipic acid manufacturing and nylon production. These industries faced a seasonal slowdown, which impacted overall market dynamics. At the same time, consistent local production levels resulted in surplus supplies, exerting downward pressure on cyclohexanone prices. Additionally, the stable cost of key raw materials like benzene helped reduce production expenses, which translated into lower selling prices. As the quarter progressed into its latter half, prices began to rise gradually, spurred by a recovery in demand for cyclohexanone from major industries, such as those involved in adipic acid and nylon production. This was accompanied by production limitations and a steady benzene price, which further supported the upward price movement.

Q2 2024:

The cyclohexanone market in North America saw an upward trend during the second quarter of 2024 due to the high utilization in sectors including adipic acid, nylon, and caprolactam production. Stable benzene prices helped to keep production costs manageable, allowing manufacturers to maintain a consistent supply without substantial price shifts. Strategic stock administration and proportional import-export volumes supported the market, minimizing volatility. In the United States, seasonally driven demand increased, highlighting ongoing industry needs, especially for nylon. By the end of the quarter, steady requirement and stable production expenses underscored a positive pricing atmosphere, pointing to a healthy market outlook.

Q4 2023:

The cyclohexanone market experienced a downward trend in the fourth quarter of 2023 in North America, as supply chain was disrupted due to the transition of vessels through the Neopanamax locks. The oil production cuts by key producers resulted in the reduction of overseas supplier inventory, thereby negatively impacting the prices. Moreover, the cyclohexanone market in the region has also witnessed price hikes on account of limited inventory in the domestic market.

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

Middle East and Africa Cyclohexanone Price

The report explores the cyclohexanone 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 cyclohexanone prices for countries can also be provided.

Asia Pacific Cyclohexanone Price

Q3 2024:

During the third quarter of 2024, the Asia Pacific market experienced a notable surge in cyclohexanone prices, because of a combination of the strong demand and supply chain disruptions. Key industries including adipic acid, caprolactam, and nylon production sustained high consumption levels, fueling increased demand for Cyclohexanone. At the same time, production issues, including unexpected shutdowns and scheduled maintenance, caused temporary disruptions in supply, further intensifying market fluctuations. These supply constraints coincided with rising input costs, particularly for raw materials like benzene, which elevated production expenses and impacted pricing. Additionally, logistical challenges, including port congestion in key markets like Japan, strained supply chains and contributed to the overall price hikes in the region. Despite some easing in congestion towards the quarter’s end, logistical disruptions remained significant, limiting supply availability. These factors collectively created a volatile market environment, with Cyclohexanone prices witnessing a sharp increase over the period.

Q2 2024:

In the Asia-Pacific region, the cyclohexanone market exhibited a blend of pricing trends through the second quarter of 2024. Early in the quarter, prices dipped, especially in Japan, where reduced seasonal demand and ample inventories among end-use sectors kept prices low. Steady to slightly declining feedstock costs allowed manufacturers to offer competitive rates. However, later in the quarter, heightened employment of adipic acid, nylon, and caprolactam production due to industrial expansion increased prices. Rising costs of feedstock and natural gas further elevated manufacturing expenditures, pushing prices higher. Regional export demands, especially from South Korea, led to supply constraints in Japan’s local market, signaling a positive shift in price sentiment toward the end of the quarter.

Q4 2023:

The Asia Pacific region in Q4 2023 faced a challenging period for cyclohexanone market owing to inflating shipment costs and destocking nature of production stores. Although there were no shutdowns of any manufacturing plants in this period, the market consistently experienced a downward trajectory. Several countries in the region witnessed a decline in prices as compared to same quarter in previous years.

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

Latin America Cyclohexanone Price

The analysis of cyclohexanone 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.

Cyclohexanone Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Cyclohexanone Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of cyclohexanone 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 cyclohexanone at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cyclohexanone price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing cyclohexanone 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.

Cyclohexanone Market Analysis

The global cyclohexanone market size reached US$ 7.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 10.8 Billion, at a projected CAGR of 3.50% during 2023-2032.

• Cyclohexanone is widely utilized as a raw material to produce caprolactam and adipic acid, which respectively serves as a base for manufacturing nylon 6 and nylon 66. The growing use of nylon in the textile, automotive, and packaging industries is further positively influencing the market.
• Manufacturing of lightweight vehicles around the world to improve the fuel efficiency of the vehicle is also propelling the cyclohexanone market worldwide.
• As per International Energy Agency’s (IEA) report 2022, there were 16.5 million electric cars in 2021 around the world. Cyclohexanone is used as a solvent in lithium-ion batteries, which are used to power most electric cars. It also serves as a raw material to manufacture electrode material that can enhance battery performance.
• The IMARC Group’s report claims that the global textile industry will reach US$ 1,445.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. This thriving textile industry is offering a favorable outlook for the cyclohexanone market, as it is employed to produce synthetic fibers.
• The cyclohexanone market has experienced an upward trend due to the rising demand for pharmaceutical products across the globe. The rising consumption of fast food and changing lifestyle patterns are resulting in the prevalence of lifestyle disorders, which is catalyzing the demand for medicines.
• Advanced methods introduced by key players to increase the quality and yield of cyclohexanone are supporting the market growth. They are also focusing on introducing biodegradable and environment friendly variants of cyclohexanone to reduce chemical pollution.
• Cyclohexanone is also gaining traction owing to its utilization in the formation of coatings and paints, where it improves their adhesion and durability.
• The agriculture industry relies on cyclohexanone on account of its applications in manufacturing chemicals that protect crops from pests. Moreover, the growing demand for food, which can be attributed to rising population, requires enhanced herbicides and pesticides to increase the yield of crops.

Cyclohexanone News

The report covers the latest developments, updates, and trends impacting the global cyclohexanone 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 cyclohexanone production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cyclohexanone price trend.

Latest developments in the cyclohexanone industry:

• In 2024, Solvay and Huatai collaborated to open new hydrogen peroxide facility in China to meet rising photovoltaic demand.
• In 2021, Arkema launched a new range of PVDF, known as Kynar®, for lithium-ion batteries. It is manufactured to be compliant with industry’s responsibilities towards sustainability.

Product Description

Cyclohexanone is an oily and liquid chemical having a pungent odor. It is highly soluble in organic solvents while having limited solubility in water, which makes it preferable for various chemical reactions.

Its role in manufacturing nylon 6 and nylon 66 makes it highly valuable, as these fabrics are used in the automotive, packaging, and textile industries, demonstrating its contribution to modern materials science. Beyond its requirement in nylon production, cyclohexanone is employed to produce paints and coatings, where it is leveraged to increase the durability of the product.

It further showcases its versatility by synthesizing various other chemicals, including herbicides and pesticides, thereby helping in producing healthy crops. Its ability to act as a solvent in lithium-ion batteries in electric vehicles (EVs) is further underscoring its utility in the automotive industry.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cyclohexanone 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 cyclohexanone 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 cyclohexanone price charts ensure our clients remain at the forefront of the industry.