Ethyl Hexyl Nitrate (2-EHN) Prices

Ethyl Hexyl Nitrate Prices June 2024

The ethyl hexyl nitrate prices in South Korea for Q2 2024 reached 1650 USD/MT in June.  The market reflected a weakened pricing environment driven by ample regional supply and sluggish demand from the downstream diesel sector. Lower local diesel consumption, seasonal patterns, and abundant inventories shaped the market’s bearish tone. High product availability and restrained purchasing significantly impacted the price trajectory in South Korea’s 2-EHN.

Ethyl Hexyl Nitrate Prices December 2023

The price of ethyl hexyl nitrate in the United States for Q4 2023 reached 1650 USD/MT in December. The market in the United States witnessed a positive price trend with stability in the US construction sector and a marginal rebound in the automotive industry, which reflects the interconnected nature of these sectors.

The price of ethyl hexyl nitrate in South Korea for Q4 2023 reached 1570 USD/MT in December. South Korea emerged as a crucial point, experiencing notable price fluctuations. South Korea's demand for ethyl hexyl nitrate remained robust, especially from the downstream diesel refinery sector, fueled by heightened refinery run rates and a positive outlook in the transportation sector. The national airline, Korean Air, announced plans to expand operations, further stimulating product demand.

Regional Coverage

The report provides a detailed analysis of the ethyl hexyl nitrate 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 ethyl hexyl nitrate price trend.

Global Ethyl Hexyl Nitrate Price

The report offers a holistic view of the global ethyl hexyl nitrate pricing trends in the form of ethyl hexyl nitrate 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 ethyl hexyl nitrate 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 ethyl hexyl nitrate 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 Ethyl Hexyl Nitrate Price

Q2 2024:

The European market experienced a bearish pricing trend in Q2 2024, influenced by an influx of lower-cost imports and weak downstream demand from Asia. Asian imports, buoyed by production surpluses, increased supply volumes and pressured European rates, while inflationary forces kept the automobile sector’s demand low. Additionally, disruptions in freight from the Red Sea crisis raised transportation costs, adding complexity to trade flows and reducing overall purchasing momentum. Weaker crude oil prices and steady feedstock Bisphenol A costs further contributed to the declining 2-EHN market, as buyers implemented cautious procurement strategies to manage inflation-driven costs. By the close of Q2, elevated supply and higher freight costs reinforced the prevailing bearish trend in Europe.

Q4 2023:

The European region in the ethyl hexyl nitrate market experienced a bullish trend marked by an upward trajectory in product prices. This rise is attributed to the impact of costly imports from overseas, contributing to the elevated price dynamics within the region. The heightened cost of the feedstock 2-ethylhexanol played a role in driving up the overall production expenses of the product within the European market. The United States, serving as the leading global exporter of refined petroleum products, including 2-ethylhexyl nitrate and 2-ethylhexanol, significantly influences the European market.

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

North America Ethyl Hexyl Nitrate Price

Q2 2024:

The FY24 market observed a steady decline in prices, initially driven by an influx of lower imports, notably from Oman and India. Early in the quarter, decreased demand locally for light diesel oil in India impacted export prices, influencing the U.S. market as more economical supplies entered. However, the requirement for 2-EHN remained muted, with diesel fuel rates down across regions, as reported by the Energy Information Administration in the U.S. Furthermore, the downturn in the U.S. automotive sector exacerbated the price drop, with auto sales impacted by high borrowing costs and affordability issues, leading to decreased spending on diesel and, subsequently, 2-EHN. This combination of lower demand and competitive import prices set the tone for a sustained price dip throughout the quarter.

Q4 2023:

In North America, the ethyl hexyl nitrate market witnessed a bullish trend driven by the increased demand from various end-use industries, while the supply remained stable. The festive season infused optimism among traders, leading to a rise in demand. Furthermore, a slight uptick was experienced in the prices of ethyl hexyl nitrate influenced by a rise in the exporting Indian market’s product prices. This escalation was propelled by increased costs of 2 ethylhexanol, subsequently impacting production expenses. The heightened demand for the product stemmed notably from the downstream diesel additive sector, stimulated by increased transportation and farming activities.

Specific ethyl hexyl nitrate historical data within the United States and Canada can also be provided.

Middle East and Africa Ethyl Hexyl Nitrate Price

The report explores the ethyl hexyl nitrate 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 ethyl hexyl nitrate prices for countries can also be provided.

Asia Pacific Ethyl Hexyl Nitrate Price

Q2 2024:

In FY24, the market in the Asia-Pacific region encountered substantial descending tension as demand weakened across the subsequent diesel segment. In India, an oversupply situation from previous industries increases, coupled with lower requirements in the diesel administering sector, drove prices lower. The monsoon season’s uneven progress and sluggish movement in the industrial vehicle sector, especially during slower months, also weighed heavily on demand for diesel. Supply chain resilience contributed to market stability, but the continued dip in light diesel oil consumption added to the price slump. By the quarter-end, the APAC market reflected a broad decline in prices, highlighting a weak demand outlook and ample supply in the region.

Q4 2023:

The ethyl hexyl nitrate market in the Asia Pacific region witnessed a bullish trend in the fourth quarter of 2023. Primarily, the market remained resilient without any significant plant shutdowns during this period. This upturn was primarily attributed to the rise in feedstock prices, particularly the escalation in 2-ethylhexanol prices. Strong demand from the downstream diesel refinery sector and increased refinery run rates played key roles in shaping the market dynamics.

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

Latin America Ethyl Hexyl Nitrate Price

The analysis of ethyl hexyl nitrate 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.

Ethyl Hexyl Nitrate Price Trend, Market Analysis, and News

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

The report examines the elements influencing ethyl hexyl nitrate 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.

Ethyl Hexyl Nitrate Market Analysis

The global ethyl hexyl nitrate market size reached 322.71 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 463.3 Thousand Tonnes, at a projected CAGR of 4.10% during 2023-2032.

• The increasing implementation of strict emissions standards by several governments in various regions across the globe for diesel engines to combat air pollution represents one of the key factors influencing the growth of the. For instance, the Environmental Protection Agency's (EPA) preferred standards take carbon dioxide emissions from 152g per mile in 2026 to 73 in 2032, a 52% reduction. The limit would reach 99 grams per mile by 2029. EPA is also revising the air quality index to improve public communication about the health risks from PM2.5 exposures. These regulations are driving the demand for diesel additives such as EHN which are likely to help reduce emissions and enhance fuel efficiency.
• The increasing number of industries that rely heavily on diesel engines including agriculture, construction, and transportation, are contributing to the increased demand for diesel additives such as EHN. According to NITI Ayog, RMI, India transports 4.6 billion of freight annually, generating transport demand of 2.2 trillion ton-kilometers at the cost of rupees 9.5 lakh crore. The demand for goods is rising with urbanization, population increase, the rise of e-commerce, and rising income levels. As this demand continues to grow, associated road freight movement is expected to increase to 9.6 trillion ton-kilometers by 2050.
• The increasing fuel prices and the push for more fuel-efficient vehicles are leading consumers and commercial operators to seek ways to extend fuel economy. EHN augments the combustion process, which can lead to better fuel efficiency, thus boosting the growth of the market. Moreover, EHN enhances cold start performance in diesel engines, a critical factor in colder climates. According to the International Monetary Fund, raising fuel prices to their efficient levels reduces projected global fossil fuel CO2 emissions by 43% below baseline levels in 2030 or 34% below 2019 emissions. This reduction is in line with the 25-50% reduction in global GHGs below 2018 levels needed by 2030 to be on track with containing global warming to the Paris goal of 1.5-2C.

Ethyl Hexyl Nitrate News

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

Latest developments in the ethyl hexyl nitrate industry:

• In July 2022, Afton Chemical Corp. announced that it completed a $70 million expansion at its lubricant additive factory in Sauget, Illinois, a project that enables the plant to make additives for new types of fluids for electric vehicles, along with the increased amounts of products for transmission fluids.
• In October 2023, Lubrizol, a global leader in specialty chemicals, and Grasim Industries Limited, a flagship company of the Aditya Birla Group, broke ground on the first phase of a 100,000 metric-ton CPVC resin plant in Vilayat, Gujarat, India.

Product Description

Ethyl hexyl nitrate or EHN refers to an organic compound employed primarily as a cetane improver in diesel fuels.

It belongs to the family of nitrate esters, which are known for their ability to enhance the ignition quality of fuels.

EHN works by accelerating the ignition of diesel fuel, resulting in more efficient combustion and reduced emissions of harmful pollutants such as nitrogen oxides (NOx). This compound undergoes decomposition in the combustion chamber releasing free radicals that initiate the combustion process at lower temperatures, thereby improving engine performance.

EHN can also act as a stabilizer for diesel fuels, preventing the formation of gums and deposits that can impair engine operation. Its use in diesel engines helps optimize fuel efficiency and reduce environmental impact, making it a valuable component in modern diesel fuel formulations.

Report Coverage

Key Benefits for Stakeholders:

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