Get the latest insights on price movement and trend analysis of Hexane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Hexane Price Trend for the First Half of 2022
The crude oil and gas prices reached an unprecedented high due to the economic meltdown unleashed by the Russia-Ukraine confrontation. Hence, these inflated oil prices directly impacted the petrochemical industry. Hexane prices surged throughout the Asian market during the first quarter averaging 1580 USD/MT. The prices continued swelling throughout April due to trade restrictions, port congestions, and supply shortages.
The prices stabilized slightly during May when the upstream crude oil prices relaxed. However, due to healthy demands from the downstream solvent and metal extraction industries, the price trends for Hexane strengthened towards the end of June 2022. In China, hexane prices averaged 9000 RMB/MT towards the end of June.
The European region suffered the direct consequences of the Russian invasion of Ukraine, triggering an acute energy crisis across Europe. With the European embargo on Russian oil and western sanctions against Russian exports, the prices of petrochemicals soared throughout Europe owing to the increased upstream operating costs and supply chain shortages. The robust demand from the chemical and metallurgical industries further worsened the situation. The price trends of Hexane soared throughout the first half of 2022, averaging 2158 USD/MT.
The US domestic market followed a similar price trend as the global market. The raised prices of both Brent and WTI crude oil directly influenced the petrochemical industry. The hexane prices surged throughout the domestic market amid the robust downstream demand averaging 1734 USD/MT. The price trends remained strong throughout the second quarter due to booming consumer demand.
Procurement Resource provides latest prices of Hexane. 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.
Hexane is derived from crude oil. Pure n-Hexane is a colourless liquid in appearance with a slightly disagreeable odour. It serves as a less expensive non-polar solvent and is also flammable in nature. Hexane is extensively utilised in industries where it is mixed with similar chemicals, that is, solvents, which are further utilised in the extraction of vegetable oils from crops.
|Industrial Uses||Solvent, Printing applications, Chromatography, Coatings, paints and adhesives, Leather products, Vegetable oils, Cleansing and degreasing, Textile manufacturing, Pharmaceuticals, Alcohol denaturant|
|Molecular Weight||86.18 g/mol|
|Supplier Database||Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, China Petroleum & Chemical Corporation (Sinopec), Junyuan Petroleum Group, Royal Dutch Shell Plc, Sumitomo Chemical Co. Ltd|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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.
Hexane can be produced using crude glycerol as the starting material. Crude glycerol is processed with the help of Virent BioForming method, which produces Hexane as the by product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.