Hexene Prices

Hexene Prices September 2024

The hexene prices in the United States for Q3 2024 reached 1810 USD/MT in September. The prices increased due to limited supply from surge in the demand and plant shutdowns, particularly from abroad. Consistent domestic production also helped maintain price levels.

The price trend for hexene in China for Q3 2024 settled at 1850 USD/MT in September. The market was influenced by oversupply and cautious behavior. After peaking in August, prices declined due to weak demand, mechanical issues in plants, and stockpiles affecting downstream sectors, along with economic uncertainty that led to hesitant buying sentiment.

In Germany, the hexene prices for Q3 2024 reached 2370 USD/MT in September. The market showed stable trends with slight declines. A balanced supply and steady feedstock costs minimized fluctuations, though mid-quarter price peaks were affected by high freight rates and geopolitical factors. The European economic climate and changing energy policies influenced supply chains, leading to a cautious pricing environment.

The hexene prices in the Saudi Arabia for Q3 2024 reached 1665 USD/MT in September. The market faced volatility from high petrochemical demand and limited supply. Stable feedstock prices and increased trading led to positive sentiment and partial price recovery by the quarter's end. Regional export strategies and fluctuating production rates also impacted pricing variations.

Hexene Prices June 2024

The hexene prices in the United States for Q2 2024 reached 1817 USD/MT in June. Prices increased due to higher feedstock costs, plant closures, and strong downstream demand, particularly around Memorial Day. Inventory builds by HDPE and LLDPE producers, along with geopolitical factors and potential weather disruptions, further restricted supply.

The price trend for hexene in Soth Korea for Q2 2024 settled at 2052 USD/MT in June. The market witnessed a decline in prices due to an oversupply of feedstock and weak demand from industrial and construction sectors. Economic uncertainty and cautious trading reduced inventory levels, contributing to a negative market sentiment, further worsened by seasonal and global factors.

In Germany, the hexene prices for Q2 2024 reached 2342 USD/MT in June.  The market experienced a decline due to high transportation costs, logistical challenges, and weak demand from key sectors like construction and electronics. Flooding in the Rhine Valley disrupted the usual seasonal boosts in construction activity, adding further pressure to an already strained supply chain. As a result, the bearish trend has continued.

The price trend for hexene in Saudi Arabia for Q2 2024 settled at 1689 USD/MT in June. The market experienced a notable decline due to oversupply and logistical issues stemming from geopolitical instability. The Hajj season affected production, and rising freight costs added further strain, leading to a negative regional pricing outlook.

Hexene Prices March 2024

The hexene prices in the United States for Q1 2024 reached 1534 USD/MT in March. The market experienced a downward trend, influenced by the reduced demand in key sectors like polyethylene, construction, and automotive. Oversupply issues and supply tightening, as suppliers adjusted stock levels, added to the declining prices. Seasonal procurement patterns and economic slowdowns also contributed to the overall negative market sentiment.

The price trend for hexene in South Korea for Q1 2024 settled at 2241 USD/MT in March. The market witnessed significant decline, driven by lower export demand and increased feedstock supply. Logistical difficulties, such as tanker and container shortages, added pressure on the market. The combination of subdued downstream demand and economic uncertainty maintained a bearish sentiment throughout the quarter.

In Germany, the hexene prices for Q1 2024 reached 2518 USD/MT in March. The market witnessed significant price declines, influenced by supply chain disruptions, strong stockpiling, and weakened demand in key sectors like construction and automotive. Challenges included container shortages and rail strikes, while reduced energy subsidies and high interest rates compounded the negative pricing trend, impacting the overall market outlook.

In Saudi Arabia, the hexene prices for Q1 2024 reached 1897 USD/MT in March. The prices fell due to seasonal demand shifts and logistical complications, with Red Sea conflicts extending shipping routes and raising costs. The market leaned towards secured contracts to manage supply risks, reflecting cautious sentiment amid these challenges.

Hexene Prices December 2023

The hexene prices in the Saudi Arabia for Q4 2023 reached 1661 USD/MT in December. The prices dropped due to oversupply and subdued global demand. Market sentiment was weakened by slow economic recovery in China, geopolitical tensions, and low seasonal demand. Additionally, with steady inflation and no significant supply disruptions, the outlook remained cautious as the market awaited potential restocking and inventory adjustments by major players.

Regional Coverage

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

Global Hexene Price

The report offers a holistic view of the global hexene pricing trends in the form of hexene 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 hexene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into hexene 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 hexene 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 Hexene Price

Q3 2024:

In Europe, Q3 2024 hexene prices reflected a mixed market sentiment marked by general stability. Germany stood out with noticeable price changes that echoed broader regional trends. Ample supply and moderate demand kept prices balanced, while steady feedstock costs prevented major fluctuations. Despite a significant decline as compared to the previous year, the pricing environment remained predictable. Freight costs, especially from Korean suppliers, affected mid-quarter price peaks, and geopolitical tensions in the region also subtly influenced market behavior. The consistent pricing structure highlighted a market influenced by both stable supply channels and restrained demand.

Q2 2024:

In second quarter of 2024, hexene prices in Europe faced challenges due to port congestion, high freight rates, and supply chain disruptions linked to geopolitical tensions and adverse weather. Flooding in the Rhine Valley disrupted construction activities, reducing hexene demand and complicating operations for HDPE and LLDPE producers. The electronics sector also showed decreased demand, particularly affecting Germany, which experienced sharper price declines. Additionally, shipping constraints and high transportation costs from Asian and Middle Eastern suppliers contributed to an overall negative outlook for the region.

Q1 2024:

In Q1 2024, the hexene market in Europe faced notable challenges, with prices experiencing a downturn due to various market disruptions. Contributing factors included stockpiling ahead of anticipated demand and limited supply influenced by external pressures such as the Red Sea traffic disruptions and the Ramadan preiod, which impacted logistical routes. Germany, as a major player, faced pronounced price declines, amplified by container shortages and rail strikes that disrupted supply chains. Weak demand from downstream markets contributed to a predominantly bearish outlook throughout the quarter.

Q4 2023:

In Europe, hexene prices remained bearish in Q4 2023, pressured by oversupply from China and US production. Major producers like LyondellBasell and INEOS reduced operating rates due to lower demand from the automotive and construction sectors. Ethylene prices also fell, impacted by increased imports from the US and the Middle East. High inventory levels of hexene copolymers persisted due to weak heating demand, compounded by contracting construction activity across several countries. The market faced further challenges from lowered subsidies for energy-efficient renovations and high natural gas inventories, which led to destocking. Supply chain disruptions, partly due to the Suez Canal crisis, also constrained capacities and reduced consumer demand.

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

North America Hexene Price

Q3 2024:

During third quarter of 2024, hexene prices in North America experienced a noticeable upward trend, with the Unites States witnessing the most significant changes. Supply restrictions caused by plant shutdowns led to reduced availability, which in turn drove price increases. Additionally, strong international demand especially from China's growing LLDPE and HDPE sectors—further supported this price escalation. Despite logistical challenges and rising operational costs, steady domestic production helped maintain market momentum. This combination of factors contributed to a robust price performance, marking a significant contrast to last year's deflationary environment.

Q2 2024:

During Q2 2024, hexene prices in North America saw consistent upward movement. Increased feedstock prices, specifically for ethane and ethylene, added pressure to pricing. Plant shutdowns limited supply, further exacerbated by expectancy of hurricane season and geopolitical factors, which heightened concerns over disruptions. HDPE and LLDPE producers took proactive steps by boosting inventory levels in order to counter the rising crude and natural gas costs. The Unites States, experiencing the most significant price hikes, also saw a seasonal surge in demand around Memorial Day. These combined factors contributed to a strong bullish trend for the region, characterized by constrained supply, robust demand, and forward purchasing strategies that reinforced market momentum.

Q1 2024:

The Q1 2024 witnessed a notable decline in hexene prices across North America, influenced by a combination of market forces. Lower demand from the polyethylene sector was a key driver, impacted by oversupply and decreased consumption in major industries like automotive, electronics, and construction. This period also saw suppliers tightening their supplies to align with weaker demand, contributing to price pressure. Seasonal shifts, paired with cautious procurement strategies, further highlighted the market's bearish outlook. The United States experienced the most significant price movements, reflecting broader regional trends. The overall sentiment was marked by a negative pricing environment, underscored by reduced economic activity and challenging supply dynamics.

Q4 2023:

In Q4 2023, the North American hexene market showed bearish trends, influenced by oversupply and weak demand in downstream polyethylene products. Ethylene and energy prices followed this trend, driven by strong domestic crude and gas production. Despite some resilience in retail consumption, elevating interest rates led to heightened inventory levels throughout the value chain, slowing demand further. The construction market began to recover slightly as rates of mortgage decreased, prompting consumer interest in new homes. However, the late arrival of winter and ongoing inflation concerns kept demand for hexene/ethylene copolymer products low, with the market facing additional pressures from the Suez Crisis, which reduced operational capacities among polyethylene producers.

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

Middle East and Africa Hexene Price

Q3 2024:

In the third quarter of 2024, the Middle East and Africa region experienced mixed trends in Hexene prices. Saudi Arabia, a key market, saw significant fluctuations driven by strong demand in the petrochemical sector combined with tight supply. Trading activity increased, and improving economic conditions contributed to the overall market resilience. As the quarter progressed, there was a noticeable recovery in prices, although occasional setbacks arose from logistical challenges and varying regional output. This resulted in a complex pricing trajectory that balanced both upward and downward trends by the end of the quarter.

Q2 2024:

In Q2 2024, the hexene market in the Middle East and Africa witnessed a decline in prices due to oversupply and geopolitical tensions that disrupted logistics and raised shipping costs. Saudi Arabia, a key player, experienced significant price adjustments influenced by upstream ethylene oversupply and economic instability. Seasonal production changes related to the Hajj pilgrimage added to supply volatility, resulting in mixed inventory levels. Overall, producers faced challenges from supply overhangs and increased freight charges, leading to a sustained downward pricing trend.

Q1 2024:

Hexene prices in the Middle East and Africa region in Q1 2024 experienced downward trend, driven by the seasonal demand fluctuations and logistical challenges tied to geopolitical tensions. Saudi Arabia witnessed notable price changes due to these factors, with shipping routes through the Red Sea affected by conflicts, leading to increased transportation costs and longer lead times. Economic uncertainties in global markets, combined with the seasonal slowdown from European and Asian procurement, further pressured prices. The trend within the quarter showed higher prices at the start that gradually decreased, emphasizing the challenging environment faced by producers.

Q4 2023:

The Middle East and Africa hexene market experienced a bearish phase in Q4 2023, primarily driven by oversupply and weak global demand. Saudi Arabia saw significant price declines, reflecting the region’s broader market trends. Economic recovery in key areas like China remained sluggish, and geopolitical tensions further dampened market sentiment. Inflationary pressures and reduced festive demand in regions like India also contributed to the muted demand for hexene. Despite steady supply levels and no major plant shutdowns, the market outlook remained weak, with anticipation of future restocking activities by key corporations potentially influencing the feedstock market. The overall market environment remained cautious, with companies holding back on firm estimates for the quarter.

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

Asia Pacific Hexene Price

Q3 2024:

In the Asia Pacific region, hexene prices experienced a downward trend in the third quarter of 2024. The market faced issues of oversupply, reduced trading activity and sluggish demand. China became a focal point with significant price fluctuations; prices peaked in August but declined by the end of the quarter. Mechanical failures and inventory surpluses at HDPE and LLDPE facilities resulted in temporary outages that influenced regional pricing. Seasonal factors and cautious buying strategies further contributed to the negative sentiment in the market. Additionally, regional economic conditions and competition among suppliers added to the downward pressure on prices.

Q2 2024:

In the second quarter of 2024, the hexene market in the Asia-Pacific region witnessed prices decline significantly due to an excess of feedstocks like naphtha and ethylene. This excess supply, combined with global inflation trends and fluctuating crude oil prices, created uncertainty. The declining demand from the construction and consumer electronics sectors further impacted market dynamics. South Korea particularly felt these changes, with economic factors and reduced inventories contributing to a steady downward trend. Seasonal slowdowns also aligned with regional economic challenges, leading to a subdued market throughout the quarter.

Q1 2024:

The Asia Pacific region experienced a decline in hexene prices in Q1 2024, driven by decreased export demand and a boost in supply from feedstocks like ethylene and naphtha. South Korea witnessed significant price changes, mirroring regional trends of subdued procurement and logistical issues that affected market sentiment. Additionally, seasonal factors played into the reduced demand from industrial and consumer sectors, intensifying the downward pricing trajectory. Economic uncertainties and fluctuating crude oil prices added to the region’s challenging landscape, reinforcing a sustained negative outlook.

Q4 2023:

The Asia Pacific region saw a bearish trend in hexene prices in Q4 2023, largely due to declining demand in key sectors like construction and conventional passenger vehicles, influenced by high fuel prices. Despite stable ethylene prices in early months, the market weakened in December. China expanded its hexene production, while demand remained low, impacted by subdued automotive exports in Japan and South Korea. Trade between Asia Pacific and North America showed slight improvement due to better automotive sales in the U.S. However, high interest rates and seasonal slumps kept construction and automotive demand in the region subdued, with export orders to Europe also declining due to increased charges and supply disruptions.

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

Latin America Hexene Price

The analysis of hexene 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.

Hexene Price Trend, Market Analysis, and News

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

The report examines the elements influencing hexene 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.

Hexene Market Analysis

The global hexene market size reached 2027.7 thousand tonnes in 2023. By 2032, IMARC Group expects the market to reach 3640.9 thousand tonnes, at a projected CAGR of 6.70% during 2023-2032.

• The increasing demand for linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE), particularly in the packaging and agricultural sectors, serves as the prime factor bolstering the market growth. The shift towards lightweight and durable packaging solutions, coupled with the rising agricultural film usage for crop protection is fueling market demand.
• Ongoing advancements in chemical research leading to the development of innovative hexene-based applications are providing an impetus to the market growth.
• In line with this, the automotive industry's pursuit of fuel-efficient and lightweight materials like hexene, particularly in manufacturing components that reduce vehicle weight and enhance performance, is aiding in market expansion.
• Additionally, the flourishing expansion of the construction sector, marked by the growing need for durable and resilient building materials, is contributing to the increasing demand and consumption of hexene-based products.
• Another critical factor influencing market growth is the growing focus on sustainability and the circular economy, prompting the exploration of bio-based hexene feedstocks as alternatives to traditional fossil fuel sources. This shift is further supported by regulatory pressures and environmental concerns, pushing industries towards greener alternatives.
• Concurrently, substantial improvements in recycling technologies, particularly those enabling the closed-loop recycling of hexene-based materials, are fostering market expansion by improving resource efficiency and reducing waste.
• In confluence with this, the energy sector's evolution, especially in exploring unconventional oil and gas resources, is acting as another significant growth-inducing factor.
• Furthermore, continuous technological innovations, especially in catalyst and process technologies, have enhanced hexene production's efficiency and yield and made it more cost-effective and appealing to various industries, thus creating a positive outlook for market expansion.
• Apart from this, strategic collaborations and investments in the chemical sector facilitating capacity expansions and the exploration of new markets are presenting lucrative growth opportunities for the market.

Hexene News

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

Latest developments in the hexene industry:

• In February 2023, LyondellBasell and KIRKBI A/S signed a partnership agreement to invest in APK, a company specializing in solvent-based recycling technology of LDPE. The investment emphasizes both the business’s dedication towards the environment and advancements in a sustainable future and aligns with growing interest in circular economy initiatives around the world.
• In April 2022, ExxonMobil launched its new Exceed™ S performance polyethylene (PE) resins, which deliver industry-leading combinations of stiffness and toughness while being easy to process. It utilizes the company's latest innovations in polymer science to reduce the complexity of film formulations and designs while improving its performance, conversion efficiency, and packaging durability.
• In August 2021, Braskem launched a new high density polyethylene – HD1954M that combines great stiffness, outstanding impact resistance and resistance to environmental stress cracking (ESCR), which helps boost packaging productivity and efficiency.

Product Description

Hexene refers to a group of alkanes and olefins known for the presence of double-bond carbon atoms. It serves as a major raw material in the production of various polymer products, such as polyethylene, in the petrochemical industry.

Hexene is a widely utilized plastic, with its applications spanning across packaging, construction, consumer goods, automotive, and other sectors. It is used as a comonomer in the production of HDPE and LLDPE, two major types of polyethylene.

Hexene contributes to the toughness, flexibility, and processability of LLDPE, making it appropriate for applications requiring the formulation of films, such as flexible packaging and agricultural films. Besides this, it also gives HDPE better stress crack resistance and impact strength, making it appropriate for use in blow molding and pipe extrusions.

Report Coverage

Key Benefits for Stakeholders:

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