N-Hexane Price In USA
- United States: 6715 USD/MT
The price of N-Hexane in the United States for Q4 2023 reached 6715 USD/MT in December.
The latest report by IMARC Group, titled “N-Hexane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of N-Hexane Prices. This report delves into the price of globally, presenting a detailed analysis, along with an informative N-Hexane Price Chart. Through comprehensive price news, 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.
N-Hexane Price Analysis:
- China: 1910 USD/MT
- Germany: 1284 USD/MT
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The study delves into the factors affecting N-Hexane 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/n-hexane-pricing-report/requestsample
N-Hexane Price- Last Quarter
Demand from a variety of sectors and the price of manufacturing inputs drive the n-hexane market. The strong demand from downstream industries, especially in the food processing, paint and coating, and automotive sectors, is a major motivator. N-hexane finds extensive use in these sectors for a variety of purposes, including food processing solvent extraction and vehicle cleaning. The cost of naphtha feedstock, which directly impacts n-hexane synthesis, is another important consideration. The cost of n-hexane can be greatly impacted by fluctuations in naphtha prices, which are frequently brought on by geopolitical unrest or shifts in the price of crude oil. The demand for n-hexane is further supported by regional economic activity, such as the rise of the building industry in North America and APAC.
North America
The first quarter of 2024 saw price volatility in the North American n-hexane market due to a number of variables. Prices increased in the first part of the quarter as a result of increased demand from the food, paint, and coating sectors as well as a flourishing construction industry driven by government spending. The price spike in January and February was partly caused by higher manufacturing costs as a result of high feedstock naphtha prices. However, by March, n-hexane prices had dropped due to a purported decrease in US construction investment. This change demonstrates the direct impact that variations in building activity and related economic indicators may have on market pricing.
Asia Pacific
In the APAC region, n-hexane prices in the first quarter of 2024 were largely driven by increased demand from the food industry, especially around the lunar year, as well as from the automotive and electronics sectors. The initial two months saw significant price hikes due to these demand pressures and supply chain disruptions exacerbated by geopolitical tensions in the Middle East. However, in March, prices declined due to lower consumer demand and an oversupply in the market. This variation underscores the impact of seasonal demand cycles and regional geopolitical factors on n-hexane pricing.
Europe
The European n-hexane market saw a significant drop in price in Q1 2024, mostly as a result of a fall in demand from the paint and coatings business as well as the construction sector. Another factor that led to a poor pricing environment was the low price of natural gas. Limited trade activity and minimal procurement efforts contributed to the market’s downward trend in the Netherlands, which ultimately resulted in a fall in prices overall. The region’s greater economic difficulties during this time were reflected in the low capacity utilization rates, which further worsened the price decrease.
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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