Hexyl Cinnamic Aldehyde Price Trend and Forecast

Hexyl Cinnamic Aldehyde Regional Price Overview

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

Hexyl Cinnamic Aldehyde Price Trend for the Second Half of 2023

Asia

The feedstock prices of hexyl cinnamic aldehyde were seen to be subtly declining throughout the H2 of 2023, particularly in China. As a result, the hexyl cinnamic aldehyde market trends likewise remained on the lower side of the price graph. Although there was steady downstream demand, other parameters such as cost of production, rate of import of feedstock materials, and overseas rate of procurement remained under the red light during the aforementioned period.
 

Hexyl Cinnamic Aldehyde Price Chart

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Europe

The European market's price trends, which are influenced by the worldwide benzaldehyde and octanol market, continued to fluctuate within restricted bounds. These price trends were driven by downstream demands from different consumer sectors during the initial phase of H2 of 2023. But soon, the winds of the market changed, and the consumers became conscious of their spending habits as inflation impacted the consumers heavily, causing a dip in the hexyl cinnamic aldehyde price trend.

North America

The market dynamics of hexyl cinnamic aldehyde prices during the H2 of 2023 were not different from what was observed in the Asian and European countries initially. Here, however, the second half of the fourth quarter outperformed the rest of the phase, which was mostly due to freight disruptions brought on by the ongoing geopolitical tensions. In view of the blockage of trade routes drought, like conditions in the Panama Canal, and slowly growing demand, the traders increased the price quotations of hexyl cinnamic aldehyde by the end of the quarter.

Analyst Insight

According to Procurement Resource, the price trends of Hexyl Cinnamic Aldehyde are estimated to showcase uncertainties based on the fluctuations in the cost of feedstock materials and consumer dynamics.
 

Hexyl Cinnamic Aldehyde Price Trend for the First Half of 2023

Asia

The most common route of production of Hexyl Cinnamic Aldehyde is through cross aldol reaction between octanol and benzaldehyde. The price trend of these feedstocks thus affects the market dynamics of Hexyl Cinnamic Aldehyde. In the first quarter, the price trend of feedstock materials declined due to the falling demand from the downstream industries and the low cost of energy production, while the second quarter proved to be favorable initially.

The cost of feedstock materials initially rose with the support from the expensive imports and low level of inventories while the demand dynamics were strong. However, towards the end of the second quarter, the prices of feedstocks fell due to the influx of cheap imports that, in turn, negatively influenced the price trend of Hexyl Cinnamic Aldehyde.

Europe

The cost of feedstock materials of Hexyl Cinnamic Aldehyde remained uncertain throughout the first quarter of 2023. But towards the end, it stabilized with the help of enhanced sales in the downstream market and slow supply rates, which in turn supported the growth of the Hexyl Cinnamic Aldehyde price trend.

In addition to this, with tighter supply rates and high demand for feedstocks, the second quarter also remained favorable for the rise in the prices of Hexyl Cinnamic Aldehyde. However, towards the end phase, the availability of cheap imports and falling market dynamics hampered the growth of the Hexyl Cinnamic Aldehyde market and eventually led to a fall in its price trend.

North America

In North America, the feedstock market had a steep decline in the first quarter as the supply rates and demand equalized each other. Even in the second quarter, the influx of high-cost feedstocks supported the rising prices of Hexyl Cinnamic Aldehyde. In addition to this, the restricted availability of benzaldehyde, one of its feedstocks, and its enhanced sales supported the rising prices of Hexyl Cinnamic Aldehyde. However, towards the end of the second quarter, cheap imports from the Asian region and limited demand resulted in the oscillation in the Hexyl Cinnamic Aldehyde market and its price trend.

Analyst Insight

According to Procurement Resource, the price trend of Hexyl Cinnamic Aldehyde is estimated to showcase a mixed trend as the demand and overall market dynamics of its feedstock market seem weak.

Procurement Resource provides latest prices of Hexyl Cinnamic Aldehyde. 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.