Cyclohexanone Prices Trend, News, Analytics and Forecast | ChemAnalyst
Cyclohexanone Prices: During the Quarter Ending December 2023
North America:
In the fourth quarter of 2023, the Cyclohexanone market in North America experienced a bearish trend, primarily due to anticipated restrictions on vessel transit through the Neopanamax locks, disrupting the supply chain. Additionally, reduced domestic petrochemical production capacity and overseas inventory cuts by major oil producers contributed to price fluctuations.
Limited Cyclohexanone inventory domestically drove prices upward, while decreased downstream demand exerted downward pressure. Improved bilateral relations between the US and Vietnam, following President Joe Biden’s visit, opened growth opportunities in the textile industry, particularly garment exports.
The shutdown of Shell Chemicals Acetone and Phenol solvent unit in Deer Park, Texas, resulted in reduced US stockpiles, prompting increased imports. The latest price for Cyclohexanone DEL Texas in the USA for Q4 2023 was recorded at USD 1598/MT.
Get Real Time Prices of Cyclohexanone: https://www.chemanalyst.com/Pricing-data/cyclohexanone-1136
APAC:
The Cyclohexanone market in the APAC region faced challenges in the fourth quarter of 2023. Destocking tendencies and rising freight rates impacted prices. Reductions in petrochemical production and overseas inventory due to major oil producers’ cuts further influenced prices.
Japan experienced significant price declines compared to the previous year and quarter. Although no significant differences were noted between the first and second halves of the quarter in Japan, the quarter-ending price for Cyclohexanone-FOB Osaka was USD 1254/MT.
Europe:
In Europe, the Cyclohexanone market in Q4 2023 witnessed a bearish trend. Destocking and potential freight rate increases impacted prices, along with reduced petrochemical production and overseas inventory cuts.
In the Netherlands, Cyclohexanone FD Rotterdam saw price declines in December but modest increases in January and February. Upstream production plant maintenance in October affected supply chains, while new year production plans could boost overseas demand.
Despite challenges, the Dutch textile industry showed signs of recovery, with apparel exports growing in November. The quarter-ending price of Cyclohexanone FD Rotterdam in the Netherlands stood at USD 1872/MT.
Get Real Time Prices of Cyclohexanone: https://www.chemanalyst.com/Pricing-data/cyclohexanone-1136
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