Asia
In Asia, the cyclohexanone market initially showed signs of weakness. Early November saw a decline in prices as demand from downstream sectors remained subdued, with cautious purchasing behaviour from buyers. The supply side remained stable, providing some support for prices, but the lack of strong demand led to limited market movement.
As the quarter progressed, the market gradually stabilized, aided by slight increases in feedstock benzene prices, which provided cost support. However, demand continued to lag, and the market experienced only modest recovery during the latter half of the quarter.
Europe
In Europe, cyclohexanone prices followed a similar trajectory. The market started the quarter on a weak note, with downward pressure stemming from poor demand in downstream applications. As the month of November progressed, prices saw slight recoveries due to an increase in benzene costs, which helped to support the cyclohexanone price structure. However, despite this, demand remained average, and the market showed limited fluctuations. By December, the situation turned weaker again as the support from upstream benzene prices weakened and downstream buyers became more resistant to higher prices. The overall sentiment in Europe was characterized by a wait-and-see approach, with little significant movement in the market.
North America
In North America, the cyclohexanone market was relatively stable but faced similar challenges. The U.S. saw an increase in benzene prices during the quarter, which provided some upward pressure on cyclohexanone prices. However, like in other regions, downstream demand remained sluggish, particularly from sectors that rely on cyclohexanone for plastics and chemicals. The market showed minor fluctuations in response to supply-side conditions, but overall, prices stayed relatively steady. Supply conditions were stable, but the weakening demand kept prices from rising significantly.