Cyclohexane Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Cyclohexane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Cyclohexane Price Trend for the Q1 of 2024

Asia

The cyclohexane market in China remained stable during the first quarter of 2024, with prices showing no significant changes compared to the last quarters. The subdued market dynamics, insufficient support from raw material costs, and a lack of favorable factors contributed significantly to restricting the momentum of the cyclohexane market. Additionally, the domestic downstream buyers remained skeptical of the changes in the economic growth of the market, leading to a cold trading atmosphere.

On top of it, the market inquiries from overseas players, particularly in the EU region, were also limited, primarily consisting of small orders due to a rise in freight charges and delays in shipment arrivals.

Europe

During the early months of the quarter, European cyclohexane prices witnessed an incline driven by increased demand from construction activities in key importing markets like France and Belgium.

The market also seemed to benefit from the other downstream industries' improved market dynamics like paints and coatings. However, supply-side challenges persisted throughout the said duration, including production capacity limitations and supply chain disruptions, impacting the inventories of cyclohexane and restraining the inclining capacity of cyclohexane prices. Additionally, rising raw material costs, particularly benzene prices, further compounded supply challenges. Despite these hurdles, industry traders experienced an optimistic outlook, facilitated by the increase in the gap between the demand and supply sectors.

North America

The United States cyclohexane price trend experienced stability after a rough start during the first quarter of 2024, with the market holding steady amidst fluctuating demand, particularly in sectors like construction and textiles. However, during the end phase of the quarter, the trading community raised their quotations with the market conditions turning favorable, driven by improvements in weather conditions and a slow and gradual rise in activity in the construction sector.

Additionally, supply-side challenges, including high feedstock prices such as benzene and transportation limitations due to adverse weather earlier in the quarter, impacted production costs and supply chain dynamics even in the later stages. Further, the sudden rise in crude oil prices and limited influx of raw materials in the region raised the concerns of manufacturers and with declining inventories, the traders were prompted to increase their price quotations of cyclohexane.

Analyst Insight

According to Procurement Resource, the price trend of Cyclohexane is expected to face forward in the next quarters as the enhancement in the momentum of global downstream industries and adequate support from the feedstock sector will push the prices of cyclohexane in the northward direction.

Cyclohexane Price Trend for the October - December of 2023

Asia

Cyclohexane is a ring-like cyclic alkane of six carbon atoms. It is generally produced industrially using benzene as a raw material and is an important compound as it has various critical applications in many industries. Since benzene is important to produce cyclohexane, their market trend align closely with each other.

During the given period of Q4’23, cyclohexane price trend were observed to be wavering at the lower end of the curve. There were two main reasons behind the underwhelming performance of cyclohexane; firstly, the depreciation in the benzene market brought down the production cost for cyclohexane. Secondly, the holiday season called for a fall in market demands along with production halts, which further affected the price trend of cyclohexane.

Europe

The European markets were still struggling with the ongoing Russia-Ukraine war more than the other regions owing to the geographical vicinity. Moreover, a new conflict broke out between Israel and Hamas, which further disrupted the supply chains for the European markets. Hence, the industrial activity in the region suffered greatly, which, coupled with dull demands, caused the cyclohexane prices to keep at the lower side of the price graph.

North America

The North American cyclohexane market followed the global slowing trend as the prices were found to be regressing here, too. Dipping domestic and international demands pulled the cyclohexane prices down in the region and resulted in a subpar performance at the price index.

Analyst insight

According to Procurement Resource, the Cyclohexane market trend are not likely to improve anytime soon in the near quarter. Meanwhile, the market inventories are well-equipped to cater to the demands posed by the downstream industries.

Cyclohexane Price Trend for the July-September of 2023

Asia

The Asian cyclohexane price graph registered wavering patterns during the third quarter of the year 2023. The market experienced mixed sentiments owing to the various factors controlling the trade dynamics. The upstream cost support was majorly provided by the rising crude oil prices, especially after the Russian discounts subsided for India and China, and the boost in feedstock benzene prices lifted the cyclohexane market up.

At the same time, the declining interest in chemical and nylon textile industries pushed the prices down. The first half of the quarter saw a colder run as the slight improvements in downstream demands in the latter half thawed the cyclohexane market trend a little. The cyclohexane price analysis also took into account the existing inventories, which also impacted the cyclohexane price growth. Overall, mixed market sentiments were observed.

Europe

The European cyclohexane price trend almost mimicked the Asian market trend for the discussed period. After an almost muted and dull run for the majority of the said period, the pricing outlooks showed some marginal improvements by the end of the quarter in September. Overall, fluctuating price trend were observed for cyclohexane during the concerned period.

North America

Following the global trend, the American cyclohexane market remained bearish for the most part of Q3’23. The second half of the quarter, however, was balanced out a little by the rising benzene costs. The general market sentiments remained muted.

Analyst Insight

According to Procurement Resource, the Cyclohexane market outlook is not likely to change immediately. The prices will continue to waver similarly going forward as well.

Cyclohexane Price Trend for the First Half of 2023

Asia

Cyclohexane price trend oscillated throughout the discussed time period. The market started slowly in China at the beginning of the first quarter as the markets were struggling to revive. But as the Spring holidays got over, the industries again started working at full pace, and an inclination in downstream demands from adipic acid and caprolactam manufacturing industries surged, which led to an increase in cyclohexane prices.

This upturn lasted till the middle of the second quarter, after which inventory levels started rising with excess supplies, but demands didn’t grow in the same proportion, which led to a fall in price trend. So, after this fluctuating run, the second quarter ended on a lower note for Cyclohexane.

Europe

Contrary to the Asian market, the European Cyclohexane market had a disappointing run throughout the said period. The heavy inflation incurred because of the Russia – Ukraine conflict led to the situation of demand destruction in the Cyclohexane market.

As the production costs had reached unsustainable heights, most downstream chemical industries sought to shut production to prevent losses. Lowered feedstock benzene prices also had a role to play in these declining price patterns. Overall, the Cyclohexane market exhibited bearish market behavior throughout H1’23.

North America

The North American Cyclohexane industry observed mixed price trend throughout the first two quarters of the year 2023; the first quarter was comparatively dull with decreased queries and high inventories. However, stabilized crude oil prices gave some respite to the suppliers. trend remained afloat during quarter one. The market sentiments were fairly steady and stable in the second quarter despite the many challenges the American economy was facing at the time. Comprehensively, the market remained anchored throughout.

Analyst Insight

According to Procurement Resource, not much change is expected in the Cyclohexane price trend, and the market is likely to remain moderate.

Procurement Resource provides latest prices of Cyclohexane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.