The IEA sharply lowered its 2026 global oil demand outlook, citing the escalating Mideast conflict and elevated energy prices. The agency now projects a significantly steeper year-on-year decline in consumption than previously forecast, warning that market tightening and demand destruction are accelerating.
The IEA expects world oil demand to decline year-on-year for the first time since 2020, driven by the Iran war and Strait of Hormuz closure. Prices have eased on prospects of a surplus late in 2026, but renewed hostilities threaten supplies and introduce volatility.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Cyclohexanone | China | SPOT | USD 1,327.00/MT | August 2026 |
| Cyclohexanone | China | SPOT | USD 1,244.00/MT | July 2026 |
Stay updated with the latest Cyclohexanone prices, historical data, and tailored regional analysis
Asia
Asian cyclohexanone markets faced a combination of excess production capacity and intermittent feedstock disruption during H1 2026. China's large domestic production base continued to limit sustained upside, particularly while downstream caprolactam and nylon demand remained cautious. However, the March disruption to Middle Eastern naphtha flows created significant volatility in the regional benzene market. South Korea's Yeochun NCC declared force majeure after difficulties securing naphtha supplies, while several regional crackers reduced operating rates. This tightened aromatics availability and temporarily raised cyclohexanone production costs before supply conditions began to normalise.
Europe
European cyclohexanone procurement remained pressured by weak nylon-chain economics and ongoing restructuring. Fibrant announced plans to discontinue caprolactam production at Chemelot because of high European production costs and competition from Asia. However, DOMO Caproleuna continued operating at reduced levels during the insolvency process and was ultimately transferred to a new holding company in April, preserving production and most employment. Consequently, European cyclohexanone demand weakened structurally but did not experience the complete capacity loss implied by the original draft.
North America
North American cyclohexanone fundamentals were influenced by stronger benzene costs and comparatively stable downstream nylon demand. The March surge in US and global benzene values increased production-cost pressure, while disruptions to international energy and feedstock flows added uncertainty to regional procurement. At the same time, the absence of the extensive caprolactam restructuring seen in Europe helped preserve demand from nylon intermediates, limiting the downside pressure on cyclohexanone despite cautious industrial consumption.
Analyst Insight
According to Procurement Resource, cyclohexanone costs are expected to remain volatile in coming months, with Asian supply availability limiting sustained upside while benzene, energy and nylon-chain operating conditions could generate periodic upward pressure.
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Asia
In Asia, cyclohexanone market prices were seen trading in a range of stable to firm in 2025. This was due to comfortable supply and low demand from the downstream industry. During the initial half of the year, low feedstock costs and low industrial activity maintained low production costs, hence restricting an upward movement in prices. Demand was also low from major markets in Asia, including China, India, and Korea, as buyers were buying in small quantities due to low construction and industrial activity in those markets. Export demand was also low, hence contributing to inventory buildup in the market. During the second half of the year, stable production and high inventory levels maintained pressure on the market, resulting in a flat movement in prices with a slight weakness in them.
Europe
In the European region, the price of cyclohexanone experienced a steady trend with some minor downward pressure throughout 2025. During the initial months of 2025, some upward pressure on the price of cyclohexanone resulted from increased energy and raw material costs. However, weak demand from the chemicals and polymer segments curtailed the price increase. Industrial activity in the region slowed down in the summer months due to holidays and planned downtime, impacting the levels of consumption. Trade tensions also influenced the market, resulting in weak purchasing behaviour. By the end of the fourth quarter, enough supply and inventory levels helped to sustain the market, and the price range remained limited as everyone waited to see the demand trends.
North America
The prices of cyclohexanone in North America exhibited a slow decline over 2025. This can be explained by the sufficient supply and decent demand for the chemical. The decline in raw materials and an increase in refining output contributed to a decline in production costs, thereby affecting chemical prices. The demand for cyclohexanone remained decent but could not significantly impact supply levels. At the end of 2025, the chemical market remained stable with occasional fluctuations in price, indicating sufficient supply levels.
Cyclohexanone is a colourless to pale yellow liquid. It has a pleasant odour and is less dense than water. It naturally occurs in crude oil but can be generated synthetically. It is used mainly in producing nylon and in various other chemical reactions as solvents and reaction mediums.
C6H10O
Nylon Industry, Pharmaceuticals, Automotive, Adhesives, Paints, Photo Chemicals, Solvents for lacquer, resins, waxes, polymers, and copolymers
Cyclohexyl Ketone
BASF SE, OSTCHEM, Honeywell International Inc, UBE INDUSTRIES, LTD.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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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.
Cyclohexanone can be produced by hydrogenating phenol into cyclohexanol using nickel as a catalyst which is further dehydrogenated to cyclohexanone in the presence of a zinc catalyst.
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