Hexamethylenediamine Price Trend and Forecast

Regional Price Overview

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

Hexamethylenediamine Price Trend for the Second Half of 2023

Hexamethylenediamine is primarily utilized as a raw material to make nylon 6,6. It also improves epoxy resins' durability and thermal stability by acting as a curing agent. It also serves as an adhesive and coatings corrosion inhibitor. In addition to this, it is also employed in the production of pharmaceuticals and specialized chemicals, demonstrating its significance in a variety of industries.

Hexamethylenediamine Price Chart

Hexamethylenediamine Price Trends

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Throughout the latter half of 2023, hexamethylenediamine prices exhibited minor fluctuations but maintained an overall positive trajectory. The fiber industry heavily relies on hexamethylenediamine due to its extensive applications downstream applications noted before, resulting in consistent demand patterns during this period.

However, sporadic and short-lived reversals occurred in the fourth quarter, primarily attributed to escalating transportation challenges amidst rising Houthi attacks in the Red Sea. The trading activities became much scarcer, compounded by an extended New Year holiday that constrained industrial consumption. Therefore, the market experienced a varied price trend for hexamethylenediamine in H2’23, navigating through the intricacies of geopolitical tensions and seasonal disruptions.

Analyst Insight

According to Procurement Resource, the price trend of Hexamethylenediamine is estimated to oscillate towards the higher end of the spectra as the downstream demand seems to be inclining, but the trade disruptions might alter the trajectory of prices in the upcoming quarters.

Hexamethylenediamine Price Trend for the First Half of 2023

Hexamethylenediamine prices exhibited mixed patterns during the first half of 2023. As the Chinese industries were still recovering from inflation, the demands from downstream fibre and lubricant industries were still very low. In India, the high inventory levels amidst dull demands were not able to provide any substantial cost support. Hence, the price trend for Hexamethylenediamine remained in a slump in the Asia-Pacific region throughout the said period.

However, in the western regions of Europe and America, high inflation dominated the first quarter, and as the commodity prices rose in general, Hexamethylenediamine prices also rode high during Q1. But as the quarters shifted, the momentum also shifted around Hexamethylenediamine prices. With constantly rising inventories, the demands didn’t grow much, and the price trend turned south during the second quarter. Overall, a low swinging price trend was observed, and the market sentiments for Hexamethylenediamine were dull throughout H1’23.

Analyst insight

According to Procurement Resource, Hexamethylenediamine is expected to fluctuate in a similar manner in the upcoming months, given the uncertain market dynamics amid rising inflation and interest rates.

Procurement Resource provides latest prices of Hexamethylenediamine. 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.

Platform Sample

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About

This compound belongs to the monoalkylamine class of organic compounds. These are organic compounds with an aliphatic amine group at the beginning. The amine odour is prominent in the colourless solid (yellowish in certain commercial examples).

Product Details

Report Features Details
Product Name Hexamethylenediamine
Industrial Uses Nylon Synthesis, Lubricants, Curing Agents, Biocides, Coating Intermediates, Adhesives, Water Treatment Chemicals
Synonyms 1,6-Hexanediamine, 1,6-Diaminohexane, Hexamethylenediamine, 124-09-4, HEXANE-1,6-DIAMINE
Molecular Weight 116.20g/mol
Supplier Database Compass Chemical, Ascend Performance Materials, Lanxess, Genomatica, Suzhou Sibian Chemicals Co., Ltd., Chengdu Dacheng Chemical Co., Ltd.
Region/Countries Covered 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
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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Production Processes

  • Production of Hexamethylenediamine via Hydrogenation

The hydrogenation of adiponitrile produces it. The hydrogenation is carried out on molten adiponitrile diluted with ammonia, with cobalt and iron as usual catalysts. The yield is good, but the reactivity of partly hydrogenated intermediates produces economically important side products. 1,2-diaminocyclohexane, hexamethyleneimine, and the triamine bisphosphate are among the additional products (hexamethylenetriamine).

Methodology

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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