Hexene Prices, News, Chart, Monitor and Analysis

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:

• Monthly Updates - Annual Subscription
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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

The production of polyethylene, especially linear low-density polyethylene (LLDPE), which is extensively used in packaging, plastic films, and consumer goods, requires hexene as a co-monomer, which drives the market for hexene. Hexene use is developing dramatically due to the growing need for flexible packaging solutions in the consumer goods, food, and pharmaceutical industries.

The market demand is also being driven by the growing use of high-performance plastic materials derived from hexene in the construction and automotive industries for products like pipes, containers, and automotive parts. The expansion of the market is also being aided by technological advancements in polymerization processes, which increase the efficiency of hexene in the production of stronger and more durable plastics. Hexene's use in the chemicals industry is extended by its employment as an intermediary in the synthesis of specialized chemicals, lubricants, and plastic additives.

Hexene Industry Analysis

A decline in pessimistic attitudes on ethylene feedstock and energy prices contributed to the Q4 2023 decline in the North American hexene market. A glut of hexene caused by the United States' robust production of gas and crude oil affected the price of the chemical. Higher inventory levels and slow consumption, which was fueled by rising interest rates and inflationary fears, dampened downstream demand for polyethylene products even though supply was mainly domestic.

In addition, during Q42023, the European hexene market also saw a bearish trend, mostly due to unfavorable feedstock pressures and overstock. Important manufacturers like INEOS and LyondellBasell reduced their production as a result of weak demand from the construction and automobile industries. Major European economies saw a decline in the building industry, which was made worse by a decline in the demand for energy-efficient renovations.

Moreover, the Asia-Pacific hexene market saw varied price trends throughout Q4 2023. While feedstock ethylene prices remained stable initially, a decline in December led to a bearish market sentiment. Demand in China remained weak, affected by sluggish construction activity and lower demand for conventional vehicles due to rising fuel prices.

Also, automotive demand in South Korea and Japan was particularly subdued as global exports faltered. The region also faced supply disruptions and higher export costs, further dampening demand for hexene-derived products. In the Middle East, the hexene market exhibited a bearish trend, driven by oversupply and weak global demand. The Saudi Arabian market saw the most significant price declines, influenced by moderate supply levels and economic factors such as inflationary pressures and subdued demand in China.

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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