Cyclohexane Price in China
- China: $ 1038/MT
In the last quarter of 2023, the price of cyclohexane in China experienced a notable rise. This uptick can be attributed to Chinese traders increasing their purchases of cyclohexane to bolster their inventories.
The latest report by IMARC Group, titled "Cyclohexane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of cyclohexane prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Cyclohexane Prices December 2023:
- China: $ 1038/MT
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The study delves into the factors affecting cyclohexane price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Cyclohexane Price Trend- Q4 2023
The Cyclohexane market is primarily driven by its extensive application in the production of Adipic Acid and Caprolactam, which are key precursors for manufacturing Nylon 6 and Nylon 6,6 – polymers widely used in the automotive, textiles, and electronics industries for their durability, flexibility, and resistance to chemicals. The burgeoning automotive sector, with its increasing demand for lightweight materials to improve fuel efficiency, significantly contributes to the Cyclohexane market's growth. Moreover, the textile industry, with a growing emphasis on synthetic fibers for apparel, sportswear, and home furnishings, further amplifies the demand for Cyclohexane-derived products. Additionally, advancements in recycling technologies for nylon are opening new avenues for Cyclohexane use, aligning with the global shift towards sustainability and circular economy practices. The electronics industry also plays a role, as the demand for durable and heat-resistant components continues to rise. However, market growth is not without challenges; fluctuating raw material prices and environmental concerns regarding the production and disposal of synthetic polymers may impact Cyclohexane demand. The research and development aimed at producing eco-friendly and cost-effective alternatives are poised to maintain the Cyclohexane market's upward trajectory, catering to the evolving needs of its end-use industries.
Cyclohexane Market Analysis
The global cyclohexane market size reached US$ 26.1 Billion in 2023. By 2023, IMARC Group expects the market to reach US$ 41.1 Billion, at a projected CAGR of 5.20% during 2023-2032. In the final quarter of 2023, Cyclohexane markets across North America, APAC, and Europe experienced varied yet predominantly bullish price trend, largely influenced by a complex web of supply-demand dynamics, sector-specific demands, and broader economic conditions. In North America, despite a notable decrease in feedstock Benzene prices, Cyclohexane prices maintained a bullish trend, driven primarily by constrained supplies and robust demand, especially from Mexico. The burgeoning automotive and construction sectors in Mexico placed increased demand on the U.S. Cyclohexane market, leading to strained inventories and upward pressure on prices. The U.S. saw a recovery in its automotive industry with sales surging and the construction sector showing signs of revival, further intensifying the demand for Cyclohexane. However, manufacturing activities in the U.S. struggled to keep pace with this demand, exacerbating the supply constraints. This scenario underscored the critical impact of sector-specific demands and supply chain challenges on Cyclohexane prices, highlighting the delicate balance between industrial recovery and raw material availability.
Similarly, in the APAC region, Cyclohexane prices witnessed a significant increase, despite a decrease in the prices of Benzene, its key feedstock. This paradoxical situation was the result of immediate demand-driven purchases by Chinese traders aiming to bolster inventories amidst a contraction in manufacturing activities. The robust demand from the paints and coatings sector, driven by the construction industry's resilience, encouraged suppliers to ramp up procurement despite subdued demand from other sectors and weakening export orders. Europe's Cyclohexane market mirrored these bullish trend, with prices climbing due to constrained supplies and a contraction in industrial chemical production. Despite facing a downturn in the construction sector, which traditionally fuels demand for Cyclohexane through the paints and coatings industry, the scarcity of the product propelled prices upward. These dynamics across the three regions illustrate the intricate influence of supply limitations, geopolitical and economic factors, and sector-specific demand on Cyclohexane pricing. The scenario also reflects the global nature of chemical market fluctuations, where regional developments can have widespread implications, affecting pricing and availability across the globe.
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Key Points Covered in the Cyclohexane Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Cyclohexane Prices
- Cyclohexane Price News
- Cyclohexane Demand & Supply
- Cyclohexane Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Cyclohexane Price Analysis
- Cyclohexane Industry Drivers, Restraints, and Opportunities
- Cyclohexane News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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