In Q1 2024, Cyclohexane prices In Thailand of APAC region is increased as compared to Q4 2023. The upward trend in cyclohexane prices in Thailand and other APAC region during early 2024 can be attributed to various global factors, including rising crude oil prices, transportation costs, and higher demand from downstream industries, such as nylon and caprolactam production.as well as this bullish price trend is also witnessed from the major importing countries including Taiwan, India country. This rise was majorly driven by rise in the freight charges and other transportation cost.
In Q2 2024, Cyclohexane prices across the APAC region exhibited an upward trend due to a continuous increase in demand from the automotive and textile industries. The limited availability of raw materials like benzene, along with rising energy costs and labor expenses, contributed to the overall increase in the cost of producing cyclohexane. Additionally, various geopolitical factors impacted the pricing of cyclohexane.
During Q3 2024, in August, cyclohexane prices show a weak downward trend. In the first week of September, the prices of cyclohexane in the China region remain mostly stable, with slow overall market shipments and high inventory levels. This bullish price trend is also observed in major importing countries like South Korea.
In Q4 2024, The forecast suggests that cyclohexane prices might face upward pressure due to expected increases in demand from downstream industries like nylon production and solvent applications. However, supply chain disruptions or increased production capacity could mitigate some of these pressures. The prices of raw materials used in cyclohexane production, such as benzene, will also impact cyclohexane pricing. If benzene prices increase, it could lead to higher cyclohexane prices. Trade policies, environmental regulations, and economic conditions in key APAC countries (like China, India, and Thailand) could influence cyclohexane pricing.