Cyclohexanol Price Trend and Forecast

Cyclohexanol Regional Price Overview

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

Cyclohexanol Price Trend for the Q3 of 2024

Asia

The prices of cyclohexanol closely mirrored the price trend of cyclohexane, an essential feedstock for the product. In the third quarter of 2024, cyclohexane prices followed a declining trend, and this weakness in the cyclohexane market was reflected in cyclohexanol prices. Initially, the market was stable but lacked upward momentum, mainly due to average demand from downstream sectors such as plastics and chemical manufacturing. A key factor in the price decline was the drop in benzene prices, driven by falling prices in the upstream crude oil market amid oversupplies.
 

Cyclohexanol Price Chart

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This put downward pressure on cyclohexane, which in turn affected cyclohexanol prices. As the quarter progressed, cyclohexanol prices exhibited a mixed trend, stabilizing briefly before declining further. In response, manufacturers offered discounts to secure orders while dealing with high inventory levels. Slow shipments and limited downstream purchases, which were primarily for essential needs, further strained the market. Overall, weak market sentiment and lack of cost support contributed to the ongoing price decline.

Europe

In the third quarter of 2024, the cyclohexanol market in Europe followed global trends, with prices showing a steady decline. Although the drop in benzene prices negatively impacted cyclohexane, its effect was relatively limited in the European market. Reduced production and moderate demand contributed to stable supply levels. Additionally, a slowdown in the European construction sector negatively affected demand for paints, coatings, and adhesives, which are key downstream sectors for cyclohexanol.

North America

In North America, cyclohexanol prices were seen fluctuating throughout the third quarter of 2024. The market faced restricted support from feedstocks, and demand from downstream sectors, particularly plastics manufacturing, remained subdued. Additionally, logistical challenges caused by the hurricane season disrupted supply chains, leading to temporary shutdowns of some production facilities. Though the supply and demand balance persisted throughout the quarter, the market remained cautious.

Analyst Insight

According to Procurement Resource, cyclohexanol prices are expected to vary regionally in the upcoming months as other macroeconomic factors also play their part. The crude oil market will remain a critical determinant.
 

Cyclohexanol Price Trend for the Q2 of 2024

Asia

The prices of Cyclohexanol in Q2 2024 experienced mixed movements. Early in the quarter, prices rose slightly due to steady and consistent demand from China’s plastics sectors, despite a minor decline in crude oil prices. In contrast, the Indian market saw stable pricing, supported by a balanced demand and supply situation. As the quarter progressed, a slight correction in crude oil prices helped to stabilize cyclohexanol prices by the end of Q2 2024.

Meanwhile, logistical challenges and uncertainties in global markets led to a decline in new orders from the European and North American regions.

Europe

According to the Cyclohexanol price database, the price trajectory of the commodity fluctuated during Q2 2024. Market conditions were influenced by challenges in the German construction industry, which contracted due to economic pressures arising from rising interest rates and inflation. Additionally, logistical disruptions, including the closure of sections of the Rhine River due to high water levels, impacted supply chains and limited buyers' ability to place larger orders. Furthermore, expectations of slower economic growth, driven by interest rate hikes from the ECB and the Bank of England, dampened demand for Cyclohexanol and related petrochemicals during Q2 2024.

North America

The North American cyclohexanol market followed similar trends to other global markets, particularly the European market. The cyclohexanol price curve remained within a narrow range throughout the quarter. Prices were supported by current inventory levels, though demand from the downstream resin and polymer sectors remained moderate. Pricing patterns were largely influenced by fluctuations in the upstream benzene market, which impacted manufacturing costs and contributed to stable prices for cyclohexanol. As a result, the market remained more focused on supply side dynamics, leading to a relatively flat price trajectory in Q2 2024.

Analyst Insight

According to Procurement Resource, the prices of Cyclohexanol are expected to witness a declining trend in the upcoming quarter, influenced by the subdued demand in the downstream sector due to reduced consumer buying activities ahead of the holiday season.
 

Cyclohexanol Price Trend for the Q1 of 2024

Cyclohexanol is primarily produced using cyclohexane; therefore, their price patterns are usually in close alliance with each other. In Asia, the cyclohexanol market exhibited borderline stagnancy during the first quarter of 2024, with prices showing slight changes in the new year compared to the previous due to subdued market dynamics; the feedstock costs were also not very supportive of the market trends.

Domestic suppliers were cautious with bulk purchases amidst rapid economic changes and challenges faced by the global economy. This led to a subdued trading environment. Overseas inquiries, especially from the EU, were limited, mostly consisting of small orders due to increased freight charges and shipment delays.

Suez Canal, the major trade route between Asia and Europe, saw an approximate 50% decline in the vessels passing through fundamentally because of disturbed trade dynamics. Therefore, a little supply crunch was felt in Europe, especially in key importing markets like France and Belgium. Other upstream challenges, such as production capacity limitations and supply chain disruptions, exacerbated the difficulties for both buyers and suppliers.

The American markets, on the other hand, were relatively more sheltered as the crude oil surges and domestic consumption were managing the market dynamics here. Still, a largely confined price graph was noticed in the US markets for cyclohexanol.

Analyst Insight

According to Procurement Resource, the current market situation suggests improvement in the Cyclohexanol prices going forward. However, the markets will remain subject to political, economic, and various other trade scenarios both domestically and globally.

Procurement Resource provides latest prices of Cyclohexanol. 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.