Hexene Prices In Saudi Arabia
- Saudi Arabia: $1661 /MT
The hexene prices in the Saudi Arabia for Q4 2023 reached 1661 USD/MT in December.
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, an olefin, is a versatile chemical used primarily as a co-monomer in the production of polyethylene, contributing to enhanced strength and flexibility in plastics. It is also used in the manufacturing of synthetic lubricants, adhesives, and chemical intermediates. The global hexene market is driven by growing demand for polyethylene in packaging, automotive, and construction industries, alongside increasing applications in chemical and industrial processes. The shift towards sustainable and lightweight materials is further propelling the demand for hexene. Emerging economies are expanding production capacities, contributing to market growth. Trends in the hexene market include the rising focus on bio-based olefins and the development of advanced polymer technologies. Additionally, the adoption of circular economy practices and recycling initiatives are influencing market dynamics, as industries seek more eco-friendly and cost-efficient solutions.
Hexene Industry Analysis
The North American hexene market displayed a bearish sentiment in Q4 2023 due to oversupply and weak demand. Ethylene prices dropped amidst robust crude and gas production. Demand for downstream polyethylene remained low as high-interest rates led to inventory buildup. Retail consumption held steady, though mortgage rates in October and inflation pressures in December further weakened demand, especially in construction and polyethylene heating systems.
In the Asia Pacific, hexene prices fell sharply during Q4 2023. Feedstock ethylene prices showed mixed trends, remaining stable until December before falling. Chinese demand for hexene/ethylene copolymers was weak due to subdued construction and vehicle demand, despite growing domestic production. South Korea and Japan faced lower hexene demand due to sluggish exports and high interest rates. Export demand for hexene from Europe also declined amidst rising costs and seasonal slowdowns.
The Middle East hexene market saw a bearish trend in Q4 2023, with oversupply and weak demand driving down prices. Saudi Arabia experienced the most notable price reductions, attributed to sluggish economic recovery in China, deglobalization, and inflationary pressures. The Israel-Hamas conflict further dampened demand. Supply remained steady, with no major disruptions reported, and future restocking is anticipated as companies finalize their Q4 projections.
The European hexene market followed a bearish trend in Q4 2023, pressured by oversupply from the US and China. Weak demand in downstream sectors like construction and automobiles, coupled with lower heating demand, led to falling ethylene prices. European countries reduced energy subsidies, further diminishing demand for hexene. Supply chain challenges and tightening global logistics, particularly from the Suez Canal crisis, added to market uncertainty by December.
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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