Cyclohexane Price in China
- China: $ 1038/MT
In the last quarter of 2023, the price of cyclohexane in China experienced a notable rise. This uptick can be attributed to Chinese traders increasing their purchases of cyclohexane to bolster their inventories.
The latest report by IMARC Group, titled "Cyclohexane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Cyclohexane Prices. This report delves into the price of globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Cyclohexane Prices December 2023:
- China: $ 1038/MT
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The study delves into the factors affecting cyclohexane price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Cyclohexane Price Trend- Q4 2023
The cyclohexane market is primarily driven by fluctuations in feedstock prices, particularly Benzene and Naphtha, which are essential for its production. The market's dynamics are significantly influenced by the performance of downstream industries, including construction, paints, and coatings. Seasonal factors, such as heatwaves affecting production and logistical constraints, also play a crucial role in shaping cyclohexane's market trends. Additionally, global economic conditions and regional supply-demand imbalances contribute to price volatility and market dynamics, influencing cyclohexane's market trajectory across various regions.
Cyclohexane Industry Analysis
In North America, the cyclohexane market faced bearish conditions during the second quarter of 2024. The primary driver was the decline in Benzene prices, which depreciated by the quarter's end. This decrease in feedstock costs exerted downward pressure on product prices. Additionally, the construction sector, a significant consumer of cyclohexane, experienced a downturn due to rising mortgage rates and reduced private and residential construction activities.
This reduction in construction activities, compounded by uncertainties surrounding the presidential election, led to diminished demand for Cyclohexane. However, an increase in public construction spending towards the end of the quarter provided some support to the market. Despite this positive development, the overall market sentiment remained cautious, reflecting a challenging environment for Cyclohexane prices in North America.
In contrast, the prices surged in the Asia-Pacific region during Q2 2024, driven by the increase in feedstock prices, particularly Benzene and Naphtha. Additionally, seasonal heatwaves led to reduced operational hours and higher production costs, constraining supply and pushing prices upward. Robust demand from downstream sectors, especially paints and coatings, fueled the price increase.
In China, Cyclohexane prices experienced a substantial increase compared to the same quarter last year. This sustained upward trend was supported by heightened freight charges, stringent maintenance schedules, and tight inventory levels. Moreover, Europe also exhibited an upward trend, driven by elevated production costs due to higher feedstock prices and tighter supply chains caused by logistical constraints and adverse weather conditions. The manufacturing sector's gradual recovery and increased demand from downstream industries like paints and coatings further supported the price rise.
In Germany, cyclohexane prices surged compared to the same quarter last year, with a small increase from the previous quarter. Seasonal factors, particularly increased demand for construction-related paints during the summer months, played a role in driving prices up. The quarter ended reflecting the overall positive sentiment and upward pricing trend in the European cyclohexane market.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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