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 predominantly driven by its extensive use in the production of caprolactam and adipic acid, which are precursors to nylon. Additionally, cyclohexane serves as a solvent in various chemical processes, enhancing its demand across multiple industries. The growth of the automotive and electronics sectors has notably boosted the demand for nylon, subsequently influencing the cyclohexane market. Economic recovery and industrial expansion post-pandemic have also contributed to increased demand. Moreover, advancements in the chemical manufacturing processes and the adoption of sustainable practices have led to the development of bio-based alternatives. However, the market still faces challenges due to volatility in raw material prices and environmental concerns associated with cyclohexane production, which may influence market dynamics and demand patterns in the coming years.

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 North America, cyclohexane prices surged in the first quarter of 2024, primarily due to a significant 22% increase in the price of benzene, a key feedstock. This spike in production costs was further exacerbated by a robust demand from the construction sector, particularly in paints and coatings, which saw recovery after adverse weather conditions earlier in the year. The residential construction market received a boost from declining mortgage rates, encouraging new constructions and renovations. Furthermore, commercial construction activities were bolstered by increased nearshoring to Mexico, maintaining a strong demand for cyclohexane in this region.

The Asian market for cyclohexane experienced a slight price increase of 3.5% during the quarter, influenced by an 18% rise in benzene costs. Despite this cost push, the demand from the paints and coatings sector remained subdued due to poor performance in the construction industry, especially in China where residential starts and investment sentiment declined. Adverse weather conditions also played a role in dampening the demand, leading to conservative procurement strategies and limiting the price increase of cyclohexane in this region.

European cyclohexane prices saw a modest increase of over 3%, driven by a staggering 44% inflation in benzene prices. While production costs escalated, demand showed signs of recovery spurred by improvements in the construction sector, evidenced by increased mortgage filings and regulatory changes such as the EPB certification in Belgium. These factors, coupled with municipal elections boosting commercial construction, supported cyclohexane demand. Nonetheless, high input costs in construction continued to challenge real estate firms, casting a somewhat pessimistic outlook for the market for the remainder of the year.

Browse Full Report:  https://www.imarcgroup.com/cyclohexane-pricing-report

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 Trend
• 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

Browse More Pricing Reports By IMARC Group:

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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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