Cyclohexanone Price Trend and Forecast

Regional Price Overview

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

Cyclohexanone Price Trend for the Q1 of 2024

Asia

In China, the cyclohexanone market remained stagnant through a major part of the first quarter as the prices showcased only a slight upwards movement during the end phase, attributed to increased demand from industries like automotive plastics and nylon products. These market fluctuations arise from the stabilization of supply-demand equilibrium in Asian markets and production halts, particularly in China, directly impacting manufacturers' earnings.

Cyclohexanone Price Chart

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The start of the Lunar New Year and Spring festivities in China resulted in the sudden shutdown of a number of manufacturing units, leading to the scarcity of the product in the region. The market also regained the support of its feedstock industries after a long period of stagnancy. On the procurement front, the downstream industries shared a healthy outlook, supporting the rise in the pricing trajectory of cyclohexanone during the first quarter of 2024.

Europe

The European cyclohexanone market experienced an incline in its price trend driven by heightened demand from increased construction activities. This surge in demand, especially from the paint and coatings segment, countered challenges on the supply side, including production capacity constraints and supply chain disruptions. Additionally, the raw material costs, particularly of benzene, also had a heavy influence on the movement of the cyclohexanone price trend.

Despite the challenges arising from the increasing number of sanctions on Russian imports, the upstream industries showcased optimism, anticipating a gradual demand uptick. However, the aftereffects of excessive inflationary pressure were visible in the spending budgets of the consumers as the number of bulk orders of cyclohexanone did not show any considerable improvement, which concerned the traders regarding the future outlook of the market.

North America

The North American prices of cyclohexanone remained constant during the first quarter of 2024. Despite subdued demand initially, the improving weather conditions and increased construction activity later in the quarter supported the demand dynamics, particularly from sectors like paints and coatings. However, challenges on the supply side due to rising feedstock prices, especially benzene, resulted in a rise in production costs. Additionally, transportation limitations and gradual incline in the freight charges due to adverse weather conditions earlier in the year severed the supply chains, leading to increased costs and delayed deliveries.

Analyst Insight

According to Procurement Resource, the price trend of Cyclohexanone is estimated to be based on the market movement of its feedstock benzene and sales figures of its downstream industries such as paints, coatings, construction etc.

Cyclohexanone Price Trend for the October - December of 2023

Asia

Cyclohexanone price trend were observed to be following the price fluctuations of its feedstock materials like cyclohexane during the given period. Cyclohexanone is produced using cyclohexane by oxidizing it with oxygen gas to convert it to ketone. So, the cyclohexanone market is strongly driven by the market trend of its feedstock material, cyclohexane, along with its versatile industrial applications in various sectors.

The major buyers for cyclohexanone come from the chemical, coatings, pharmaceuticals, plastics, and polymer industries. During the said duration, the market trend for cyclohexanone were witnessed to be weak in the Asian region.

Heavy accumulation of products in the inventories because of the oversupply in the high demand times was the primary reason behind price depreciation in the discussed duration. Along with this, the feeble demands also failed to provide any substantial support to the cyclohexanone market. Overall, dull market trend were observed.

Europe

The European cyclohexanone market’s scenario was not much different from its Asian counterpart. The market demands were already bearish, and the easy availability of cheap Asian exports was not of much help in strengthening the cyclohexanone market. Since the region’s supply and demand dynamics didn’t work in favor of the market trend, the prices were found to be tottering at the lower side of the curve.

North America

The North American market trend for cyclohexanone also mirrored their Asian and European counterparts during the final quarter of the year 2023. Because of the dull market demands during the holiday season, the price trend for cyclohexanone were observed to fluctuate slightly downwards. Overall, weal market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, the cyclohexanone market is likely to continue behaving in a similar manner for some time since the supply and demand dynamics will take some time to improve, considering the current global economic scenario.

Cyclohexanone Price Trend for the July-September of 2023

Asia

The cyclohexanone market run in Asia was mostly stable and wavered within a very narrow range during the given period. The gap between the supply and demand dynamics of cyclohexanone was deemed healthy as per the price analysis of the concerned period.

The surging costs of feedstock phenol provided some positive push to the cyclohexanone price graph, which was further complimented by the boost in crude oil prices as well. However, the moderate demands from downstream nylon and pharmaceutical industries balanced out the effect. The inventory stocks were enough to maintain a steady product movement. Overall, the general market trend were steady and consistent throughout the discussed span.

Europe

The downstream cyclohexanone-consuming industries struggled in the European market as the demands were feeble throughout the said time. Though marginal, the cyclohexanone price index registered depreciating numbers. It was the feedstock phenol and benzene prices that still pushed the market up a little, as the demand spectrum disappointed for the most time.

The consuming polymer industry was going through a general downturn, so the cyclohexanone price trend performed underwhelmingly for the majority of the time. Overall, muted market sentiments were observed.

North America

Mimicking the European price trend for cyclohexanone, the American market also exhibited sluggish behavior in the third quarter of 2023. Dull demands from the consuming sectors drove the market sentiments as the cyclohexanone price graph mostly remained downward tilted during the said period.

Analyst Insight

According to Procurement Resource, the Cyclohexanone market will strive for stabilization. However, the price trend will likely continue to fluctuate going forward as well.

Cyclohexanone Price Trend for the First Half of 2023

Asia

In the first quarter, the price trend of cyclohexanone was affected by limited availability of labor due to the spring festival holidays, COVID-related restrictions, and logistics and transportation challenges. The demand sector, however, supported the growth of cyclohexanone prices.

In the second quarter, the market sentiments were challenged by a hike in interest rates and strict monetary policies adopted by the government. The effect of these factors could be seen in the industrial activities and purchasing behavior of the buyers as they both fell down simultaneously, causing the price trend of cyclohexanone to take a dive.

Europe

The price trend of cyclohexanone in European countries was majorly affected by the weak movement of downstream industries and rising inflation rates in the first quarter. Due to this decline in demand, the traders had to reduce their profit margins as the level of inventories rose. In addition to these conditions, the cost of crude oil and energy production suffered severely, and the feedstock market also failed to provide the required support for the growth of cyclohexanone prices.

North America

The fiber industry, such as nylon and related sectors, followed a southwards journey, which is one of the major employers of cyclohexanone that negatively impacted its price trend in the first quarter of 2023. Further, the US economy was under huge pressure due to the failure of two major banks, which also moved the market in a negative direction. In the second quarter, the construction and automobile sectors declined consistently, and even the crude oil prices, freight charges, and slowdown of market activities led to the fall of the price trend of cyclohexanone.

Analyst Insight

According to Procurement Resource, the price trend of Cyclohexanone is expected to follow its declining trajectory due to the feeble condition of its downstream industries.

Procurement Resource provides latest prices of Cyclohexanone. 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.