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Cyclohexanone Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Cyclohexanone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Cyclohexanone Price Trend for the October - December of 2023
Cyclohexanone price trend were observed to be following the price fluctuations of its feedstock materials like cyclohexane during the given period. Cyclohexanone is produced using cyclohexane by oxidizing it with oxygen gas to convert it to ketone. So, the cyclohexanone market is strongly driven by the market trend of its feedstock material, cyclohexane, along with its versatile industrial applications in various sectors.
The major buyers for cyclohexanone come from the chemical, coatings, pharmaceuticals, plastics, and polymer industries. During the said duration, the market trend for cyclohexanone were witnessed to be weak in the Asian region. Heavy accumulation of products in the inventories because of the oversupply in the high demand times was the primary reason behind price depreciation in the discussed duration. Along with this, the feeble demands also failed to provide any substantial support to the cyclohexanone market. Overall, dull market trend were observed.
The European cyclohexanone market’s scenario was not much different from its Asian counterpart. The market demands were already bearish, and the easy availability of cheap Asian exports was not of much help in strengthening the cyclohexanone market. Since the region’s supply and demand dynamics didn’t work in favor of the market trend, the prices were found to be tottering at the lower side of the curve.
The North American market trend for cyclohexanone also mirrored their Asian and European counterparts during the final quarter of the year 2023. Because of the dull market demands during the holiday season, the price trend for cyclohexanone were observed to fluctuate slightly downwards. Overall, weal market sentiments were witnessed.
According to Procurement Resource, the cyclohexanone market is likely to continue behaving in a similar manner for some time since the supply and demand dynamics will take some time to improve, considering the current global economic scenario.
Cyclohexanone Price Trend for the July-September of 2023
The cyclohexanone market run in Asia was mostly stable and wavered within a very narrow range during the given period. The gap between the supply and demand dynamics of cyclohexanone was deemed healthy as per the price analysis of the concerned period.
The surging costs of feedstock phenol provided some positive push to the cyclohexanone price graph, which was further complimented by the boost in crude oil prices as well. However, the moderate demands from downstream nylon and pharmaceutical industries balanced out the effect. The inventory stocks were enough to maintain a steady product movement. Overall, the general market trend were steady and consistent throughout the discussed span.
The downstream cyclohexanone-consuming industries struggled in the European market as the demands were feeble throughout the said time. Though marginal, the cyclohexanone price index registered depreciating numbers. It was the feedstock phenol and benzene prices that still pushed the market up a little, as the demand spectrum disappointed for the most time.
The consuming polymer industry was going through a general downturn, so the cyclohexanone price trend performed underwhelmingly for the majority of the time. Overall, muted market sentiments were observed.
Mimicking the European price trend for cyclohexanone, the American market also exhibited sluggish behavior in the third quarter of 2023. Dull demands from the consuming sectors drove the market sentiments as the cyclohexanone price graph mostly remained downward tilted during the said period.
According to Procurement Resource, the Cyclohexanone market will strive for stabilization. However, the price trend will likely continue to fluctuate going forward as well.
Cyclohexanone Price Trend for the First Half of 2023
In the first quarter, the price trend of cyclohexanone was affected by limited availability of labor due to the spring festival holidays, COVID-related restrictions, and logistics and transportation challenges. The demand sector, however, supported the growth of cyclohexanone prices.
In the second quarter, the market sentiments were challenged by a hike in interest rates and strict monetary policies adopted by the government. The effect of these factors could be seen in the industrial activities and purchasing behavior of the buyers as they both fell down simultaneously, causing the price trend of cyclohexanone to take a dive.
The price trend of cyclohexanone in European countries was majorly affected by the weak movement of downstream industries and rising inflation rates in the first quarter. Due to this decline in demand, the traders had to reduce their profit margins as the level of inventories rose. In addition to these conditions, the cost of crude oil and energy production suffered severely, and the feedstock market also failed to provide the required support for the growth of cyclohexanone prices.
The fiber industry, such as nylon and related sectors, followed a southwards journey, which is one of the major employers of cyclohexanone that negatively impacted its price trend in the first quarter of 2023. Further, the US economy was under huge pressure due to the failure of two major banks, which also moved the market in a negative direction. In the second quarter, the construction and automobile sectors declined consistently, and even the crude oil prices, freight charges, and slowdown of market activities led to the fall of the price trend of cyclohexanone.
According to Procurement Resource, the price trend of Cyclohexanone is expected to follow its declining trajectory due to the feeble condition of its downstream industries.
Procurement Resource provides latest prices of Cyclohexanone. 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.
Cyclohexanone is a colourless to pale yellow liquid. It has a pleasant odour and is less dense than water. It naturally occurs in crude oil but can be generated synthetically. It is used mainly in producing nylon and in various other chemical reactions as solvents and reaction mediums.
|Nylon Industry, Pharmaceuticals, Automotive, Adhesives, Paints, Photo Chemicals, Solvents for lacquer, resins, waxes, polymers, and copolymers
|BASF SE, OSTCHEM, Honeywell International Inc, UBE INDUSTRIES, LTD.
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
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|The report can be customized as per the requirements of the customer
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Cyclohexanone can be produced by hydrogenating phenol into cyclohexanol using nickel as a catalyst which is further dehydrogenated to cyclohexanone in the presence of a zinc catalyst.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103