Hexamethylenediamine Price Trend and Forecast

Hexamethylenediamine Regional Price Overview

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

Hexamethylenediamine Price Trend for the Second Half of 2023

Hexamethylenediamine is primarily utilized as a raw material to make nylon 6,6. It also improves epoxy resins' durability and thermal stability by acting as a curing agent. It also serves as an adhesive and coatings corrosion inhibitor. In addition to this, it is also employed in the production of pharmaceuticals and specialized chemicals, demonstrating its significance in a variety of industries.
 

Hexamethylenediamine Price Chart

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Throughout the latter half of 2023, hexamethylenediamine prices exhibited minor fluctuations but maintained an overall positive trajectory. The fiber industry heavily relies on hexamethylenediamine due to its extensive applications downstream applications noted before, resulting in consistent demand patterns during this period.

However, sporadic and short-lived reversals occurred in the fourth quarter, primarily attributed to escalating transportation challenges amidst rising Houthi attacks in the Red Sea. The trading activities became much scarcer, compounded by an extended New Year holiday that constrained industrial consumption. Therefore, the market experienced a varied price trend for hexamethylenediamine in H2’23, navigating through the intricacies of geopolitical tensions and seasonal disruptions.

Analyst Insight

According to Procurement Resource, the price trend of Hexamethylenediamine is estimated to oscillate towards the higher end of the spectra as the downstream demand seems to be inclining, but the trade disruptions might alter the trajectory of prices in the upcoming quarters.
 

Hexamethylenediamine Price Trend for the First Half of 2023

Hexamethylenediamine prices exhibited mixed patterns during the first half of 2023. As the Chinese industries were still recovering from inflation, the demands from downstream fibre and lubricant industries were still very low. In India, the high inventory levels amidst dull demands were not able to provide any substantial cost support. Hence, the price trend for Hexamethylenediamine remained in a slump in the Asia-Pacific region throughout the said period.

However, in the western regions of Europe and America, high inflation dominated the first quarter, and as the commodity prices rose in general, Hexamethylenediamine prices also rode high during Q1. But as the quarters shifted, the momentum also shifted around Hexamethylenediamine prices. With constantly rising inventories, the demands didn’t grow much, and the price trend turned south during the second quarter. Overall, a low swinging price trend was observed, and the market sentiments for Hexamethylenediamine were dull throughout H1’23.

Analyst insight

According to Procurement Resource, Hexamethylenediamine is expected to fluctuate in a similar manner in the upcoming months, given the uncertain market dynamics amid rising inflation and interest rates.

Procurement Resource provides latest prices of Hexamethylenediamine. 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.