Cyclohexane Price Trend Analysis: Q4 2024
During Q4 2024, the cyclohexane market showed mixed trends across Asia, with price declines in China and South Korea due to softer demand and reduced industrial activity. China’s prices dropped by 4.0% to $989/MT, while South Korea also saw a decrease of 4.0% to $1,018/MT, driven by slower production and export demand.
Conversely, Taiwan and Thailand experienced slight recoveries, with prices rising by 2.1% to $1,099/MT and 2.2% to $1,050/MT, respectively, supported by moderate demand in sectors like automotive and packaging. Overall, the quarter was marked by weaker global demand, particularly in major consumption markets, although Taiwan and Thailand showed some resilience.Â
Cyclohexane Price Trend Analysis: Q3 2024
During Q3 2024, the cyclohexane market in Asia displayed a mixed trend, with sharp regional divergences influenced by varying demand recovery, supply scenarios, and downstream consumption patterns. In China, prices rose further to $1,031/MT (7.4%) driven by strong demand from the nylon and polyester sectors, coupled with tighter domestic supply amid limited imports.
South Korea saw a similar upward momentum, with prices reaching $1,060/MT (8.2%), supported by increased industrial activity and firm export demand. Conversely, Taiwan and Thailand also saw declines, with prices falling to $1,076/MT (5.2%) and $1,028/MT (6.9%) respectively, as demand in downstream sectors like textiles and plastics softened and regional supply stabilized following earlier disruptions.
Overall, Q3 was characterized by a firm export-oriented outlook for major producers like China and South Korea, while localized demand pressures weighed on pricing in Taiwan and Thailand.Â
Cyclohexane Price Trend Analysis: Q2 2024
During Q2 2024, the international Cyclohexane market showed a strong upward trajectory across major Asian countries, driven by improved downstream demand, firm feedstock costs, and tightening regional supply. In China, prices rose to $960/MT, up by 6.5%, as demand from the nylon and caprolactam sectors rebounded alongside increased industrial activity.
South Korea mirrored this trend, with prices climbing to $980/MT (6.6%) due to a pickup in export orders and reduced inventories. Taiwan and Thailand experienced notable price hikes of 9.4%, reaching $1,136/MT and $1,103/MT respectively, as regional supply tightened amid scheduled maintenance shutdowns and strong consumption from the plastics and textiles sectors.
Overall, Q2 marked a bullish quarter for cyclohexane across Asia, backed by favourable market fundamentals and broad-based recovery in industrial end-use sectors.Â
Cyclohexane Price Trend Analysis: Q1 2024
During Q1 2024, the international Cyclohexane market experienced mixed trends across key Asian regions, reflecting varying demand dynamics and supply conditions. In China, prices declined to $902/MT, down by 3.3%, mainly due to subdued demand from the nylon and fibre intermediates sector and sufficient domestic availability.
South Korea followed a similar pattern with prices easing to $919/MT (2.2%) amid weak downstream consumption and steady production levels. Taiwan saw a modest rise of 2.3%, with prices reaching $1,038/MT, supported by moderate demand recovery in the industrial chemicals sector and tight spot availability.
Thailand also recorded a slight increase of 0.5%, with prices quoted at $1,009/MT, reflecting stable buying activity and constrained supply due to maintenance at certain local facilities. Overall, Q1 2024 highlighted regional differences in cyclohexane pricing trends, shaped by sector-specific demand fluctuations and localized supply factors.Â