Hexane Price Trend and Forecast

Regional Price Overview

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

Hexane Price Trend for the Q1 of 2024


Building on to the performance of the previous quarter, the hexane price trend remained upward tilted for the most part of the fourth quarter as well. Hexane is capaciously consumed in pharma, chemical, and polymer industries, so their performance and the demands they pose also have a huge impact on the hexane price cycle. In the South Korean hexane market, the monthly average prices went from about 1575 USD/MT (South Korea, FOB) in January’24 to around 1612 USD/MT (South Korea, FOB) in March’24. This raised the price bar by about 2% in the Korean market.

Hexane Price Chart

Hexane Price Trends

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These changes in prices came in the wake of the astounding hikes in crude oil rates. This surge in crude oil prices uplifted the prices for the entire petrochemical industry. The processing and production charges, too, increased as the energy prices rose along. However, the customer interest was a little bit on the colder side which balanced out the disparity between the supply and demand outlooks a little bit. Overall, positive market sentiments were witnessed.


In the European market, the situation was even more dire around this time. Ukraine attacked major oil refineries in Russia in order to crumble down the former’s money-making industry to stop it from further gathering funds for war. However, the region’s price dynamic was largely influenced by the situation in the Russian oil markets.

The country’s oil output declined by around 7%, which also drove the crude oil prices in Europe up. Since the hexane prices are closely linked with its feedstock crude oil costs, the hexane prices, too, remained on an upward trajectory for the first quarter of 2024.

North America

The hexane price trend in the American market was not any different from its Asian and European counterparts. However, the growing geopolitical uncertainties and shipping disturbances were curbing international trade a lot. A vessel transporting things from Saudi Arabia to Bulgaria was struck by missiles, marking the third cargo attacked by Houthi rebels in Yemen. These complications remained detrimental to the offshore trade of hexane as well. Domestically, a very stagnant performance was witnessed for hexane during the said quarter.

Analyst Insight

According to Procurement Resource, the price trends for Hexane are likely to get consolidated in the coming quarter since the crude oil prices are projecting a further incline.

Hexane Price Trend for the Second Half of 2023


Hexane prices were observed to be oscillating in the Asian markets during the second half of the year 2023. Following the price pattern of its feedstock material crude oil, the Asian hexane prices too remained unsettled for the majority of the said period. Further, both the production costs and the downstream demands kept wavering, thereby impacting the market.

Some changes in the hexane prices happened as the end of the year approached. The New Year holidays did play a part by raising the energy and manufacturing costs. The monthly average prices in the South Korean market went from about 1451 USD/MT in July’23 to around 1538 USD/MT in December’23, causing the hexane market to grow by about 5% during the said period.


The hexane price trend in the European market, too, was found to be fluctuating. The third quarter was more inclined than the fourth quarter. These price changes and price patterns were largely influenced by the oscillations in the region’s crude oil prices. However, as the new year season approached, the downstream demands started to take a backseat amidst holiday chaos. Overall, mixed market sentiments were witnessed.

North America

Compared to the global markets, hexane prices were more stable in the United States during the given span. The gap between the supply and demand outlooks was narrow, and thus, the input and output outlooks operated on more equal terms. Crude oil prices were also largely stable justifying the steadiness in the hexane market.

Analyst Insight

According to Procurement Resource, the Hexane price trends are likely to continue inclining in the coming months as the crude oil prices are expected to pick up again.

Hexane Price Trend for the First Half of 2023


Hexane prices showcased upward movement with occasional downward fluctuations. As the Chinese market started opening up after the pandemic restrictions, a surge in downstream demands was observed, especially from solvent, pharma, textile, and other industries. Gain in crude oil prices also contributed to these rising trend. As the upstream costs eased with supply chain restoration and improvement in the freight situation, some downward phases in the price trend were observed because demands too fluctuated. Overall rising and positive market sentiment was observed throughout the said period.


European region exhibited truly mixed price sentiments for Hexane in H1 2023. The market started very slow in the first quarter, primarily because of dull demands from the consuming sectors. But as the second quarter approached economic situation started to improve a little for the Hexane-consuming industries as the energy and crude oil prices started to stabilize.

As the situation started to improve, the consuming sector, like furniture and construction businesses, increased their offtakes, causing the hexane prices on an inclined trajectory in the second quarter. So, prices fell in the first quarter and rose in the second, exhibiting mixed trend.

North America

Contrary to the global trend, the American Hexane market started strong in Q1 2023. As the crude oil prices were mostly stabilized, the market demands were consistent and high, so the prices swung high and continued similar upward wavering patterns in the second quarter as well. But as the end of Q2 approached, demands started dipping, and the inventories got filled up again, so some decline was observed in the last two months of May and June in the American Hexane market. Hence, mixed price trend for Hexane were observed.

Analyst insight

According to Procurement Resource, the Hexane prices will continue oscillating with the uncertain market demands from downstream sectors and the fluctuations in crude oil prices.

Hexane Price Trend for the Second Half of 2022


Price trend for hexane in the second half of 2022 showed both a fall and a rise. Initially, during Q3 the prices fell because of a fall in feedstock crude oil prices in the Asian market.  And demanding industries, like textile, furniture, and other manufacturing sector reduced their production because of covid 19 restrictions in China so the demand was also reduced which combined with crude oil prices led to a fall in hexane price trend around Q3. But during Q4, demands returned, and both Chinese and Indian markets reported higher demands. Supplies were able to sustain the market demands, so the price trend normalized overall.


The Russia – Ukraine conflict brought an unforeseen energy crisis in the European region. Energy prices rose to an all-time high and inflation too was breaking records. As the manufacturing sector took a hit, the downstream units considerably cut down the yield. Upstream units too observed the same trend by cutting down the very expensive procurements of crude oil. So, prices started falling after rising for a very little period. As the end of Q4 approached the demands started returning to the market, but the suppliers were still hesitant to enhance capacities just yet, which resulted in supply constraints and a rise in price trend of hexane.

North America

North American price trend for hexane replicated its European counterpart for the said period. The crude oil situation curtailed the production capacities and though demands were also reduced for the manufacturing sector, other substitutes were also being used. So, the price trend witnessed a fall initially but at the end of Q4 a return in demand was noticed production couldn’t keep up with the pace of rising demands, so a rise in price trend for hexane started.

Analyst insight

According to Procurement Resource, the hexane price trend will continue to remain volatile considering the crude oil prices, availability and demands from the manufacturing sectors.

Hexane Price Trend for the First Half of 2022


The crude oil and gas prices reached an unprecedented high due to the economic meltdown unleashed by the Russia-Ukraine confrontation. Hence, these inflated oil prices directly impacted the petrochemical industry. Hexane prices surged throughout the Asian market during the first quarter averaging 1580 USD/MT. The prices continued swelling throughout April due to trade restrictions, port congestions, and supply shortages.

The prices stabilized slightly during May when the upstream crude oil prices relaxed. However, due to healthy demands from the downstream solvent and metal extraction industries, the price trend for Hexane strengthened towards the end of June 2022. In China, hexane prices averaged 9000 RMB/MT towards the end of June.


The European region suffered the direct consequences of the Russian invasion of Ukraine, triggering an acute energy crisis across Europe. With the European embargo on Russian oil and western sanctions against Russian exports, the prices of petrochemicals soared throughout Europe owing to the increased upstream operating costs and supply chain shortages. The robust demand from the chemical and metallurgical industries further worsened the situation. The price trend of Hexane soared throughout the first half of 2022, averaging 2158 USD/MT.

North America

The US domestic market followed a similar price trend as the global market. The raised prices of both Brent and WTI crude oil directly influenced the petrochemical industry. The hexane prices surged throughout the domestic market amid the robust downstream demand averaging 1734 USD/MT. The price trend remained strong throughout the second quarter due to booming consumer demand.

Procurement Resource provides latest prices of Hexane. 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.

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Hexane is derived from crude oil. Pure n-Hexane is a colourless liquid in appearance with a slightly disagreeable odour. It serves as a less expensive non-polar solvent and is also flammable in nature. Hexane is extensively utilised in industries where it is mixed with similar chemicals, that is, solvents, which are further utilised in the extraction of vegetable oils from crops.

Product Details

Report Features Details
Product Name Hexane
Chemical Formula C6H14
Industrial Uses Solvent, Printing applications, Chromatography, Coatings, paints and adhesives, Leather products, Vegetable oils, Cleansing and degreasing, Textile manufacturing, Pharmaceuticals, Alcohol denaturant
Molecular Weight 86.18 g/mol
Synonyms 110-54-3, n-Hexane
Supplier Database Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, China Petroleum & Chemical Corporation (Sinopec), Junyuan Petroleum Group, Royal Dutch Shell Plc, Sumitomo 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

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Hexane via Glycerol; and via Raffinate

Hexane can be produced using crude glycerol as the starting material. Crude glycerol is processed with the help of Virent BioForming method, which produces Hexane as the by product.


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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