Hexene Prices In Saudi Arabia
- Saudi Arabia: $1661 /MT
In December 2023, the price of hexene in Saudi Arabia rose to $1,661 per metric ton during the fourth quarter.
The latest report by IMARC Group, titled "Hexene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of hexene prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Report Offering:
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The study delves into the factors affecting hexene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/hexene-pricing-report/requestsample
Hexene Price Trend- Last Quarter
Hexene is a colorless hydrocarbon with the chemical formula C6H12, commonly used as a comonomer in the production of polyethylene, specifically linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE). It is valued for enhancing the mechanical properties of these polymers, such as impact resistance and flexibility. Hexene is also utilized in the manufacturing of specialty chemicals, solvents, and synthetic lubricants. The global hexene market is driven by the growing demand for LLDPE and HDPE across various industries, including packaging, automotive, and construction. The increasing use of hexene in advanced polymer applications, due to its ability to improve product performance, is further propelling market growth.
Additionally, the rise of sustainable packaging solutions is fueling the demand for hexene-based polymers. Technological advancements in production processes and the expansion of the petrochemical industry are also contributing to the market's expansion, with a focus on efficiency and cost-effectiveness.
Hexene Industry Analysis
North American hexene prices exhibited a bearish trend in Q4 2023 due to oversupply and weak demand, driven by muted consumption in downstream polyethylene markets amidst high interest rates and inflation. Despite resilient retail consumption, demand slowed further by December as construction markets showed gradual recovery. The Suez Crisis deepened market uncertainty, leading to reduced operating volumes in polyethylene production.
Hexene prices showed a bearish trend in Q4 2023 in Europe due to overproduction in the US and China, with feedstock ethylene following suit. Weak demand from energy-efficient renovations and high inventories further pressured prices. In Europe, construction sector contractions and natural gas destocking contributed to declining prices, while December saw global supply chain tightening due to the Suez Canal crisis.
Hexene prices in APAC turned bearish in Q4 2023, driven by stable ethylene prices in October and November, declining in December. Chinese demand for hexene/ethylene copolymers remained low due to weak construction and automotive demand, while South Korean and Japanese markets were subdued by lower global exports. APAC-North America trade showed slight improvement, while South Korea faced low domestic demand and reduced exports to Europe due to high CIF charges and seasonal slump.
In Q4 2023, the hexene market experienced a bearish trend in MEA due to oversupply and weak demand, particularly in Saudi Arabia, where prices notably declined in early November. Factors contributing to the downturn include China's weak economic recovery, deglobalization in Europe and the Americas, steady inflation, low festive demand in India, and the Israel-Hamas conflict. Despite moderate supply and no plant shutdowns, demand remains muted with anticipated bullish feedstock markets.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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