n-heptane Pricing Assessment

Markets Covered:

China

India

Korea

N-Heptane Price Trend, Analysis and Forecast

In the first half of 2024, n-heptane prices have surged globally, driven by a combination of factors. The primary cause is the increase in crude oil prices, which serve as the main feedstock for n-heptane production. This rise in crude oil prices is largely due to OPEC+ production cuts and escalating geopolitical tensions, which have constrained supply. Additionally, strong demand from the paints and coatings industry—where n-heptane is widely used as a solvent and thinner—has further exacerbated the situation. The combination of higher production costs and increased demand has led to significant price hikes for n-heptane in the market.

In Q1, the Asian market experienced a modest price increase of 1.47%, driven by rising demand for n-heptane. In contrast, the broader APAC region saw a decline of 4.49% in prices, largely attributed to supply constraints and disruptions in trade routes. This divergence highlights the complexities of regional market dynamics, where localized demand can drive prices up even as broader supply challenges exert downward pressure.

In Q2 of 2024, n-heptane prices surged by 8.28% in the Chinese market, contributing to a broader growth of 7.5% across the APAC region. This increase was primarily driven by heightened demand from the paint and coatings industry, coupled with rising crude oil prices as feedstock. Additionally, supply constraints intensified due to escalating tensions in the Middle East and ongoing trade route disruptions, further exacerbating the situation. These factors collectively underscored the interconnectedness of global markets and the impact of geopolitical dynamics on pricing trends.

In Q3, the upward trend in n-heptane prices continued, driven by several key factors. The paint and coating industry experienced rising demand, significantly contributing to higher n-heptane consumption. The Chinese market saw a remarkable 16% increase in prices, influenced by ongoing logistics challenges and seasonal demand spikes. However, the ongoing crisis in China’s property market and the broader economic slowdown raised concerns about long-term demand stability, which could impact the industry despite the current price rise. Similarly, South Korea experienced a price increase of 4.3%, reflecting comparable trends in demand and logistical pressures. Overall, the APAC region witnessed price growth due to these interconnected dynamics.

In Q4 2024, n-heptane prices are expected to remain volatile due to sustained demand from the paint and coating industry, seasonal factors, and rising crude oil prices. However, economic challenges in China and geopolitical tensions may create uncertainty, leading to potential fluctuations in pricing.

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is your trusted resource for tracking global n-heptane price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the n-heptane market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence n-heptane prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely n-heptane market data.

Track 's n-heptane price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in n-heptane prices

Russia-Ukraine Conflict (2022-Present): The war led to sanctions on Russian oil, creating uncertainty in global oil markets and driving up prices, including for n-heptane.

Supply Chain Disruptions: Events like the Suez Canal blockage in 2021 created delays in global shipping, affecting the availability of chemicals and driving prices up temporarily.

COVID-19 Pandemic (2020): Lockdowns and decreased transportation demand resulted in a collapse of oil prices, which also affected n-heptane. As economies reopened, prices fluctuated due to changing demand patterns.

These events underscore the n-heptane market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

n-heptane Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major n-heptane production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire n-heptane supply chain, from raw material availability (e.g., Crude Oil) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact n-heptane prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on n-heptane production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Petrochemical Industry, Pharmaceuticals, and Agricultural Chemicals), to predict shifts in n-heptane demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global n-heptane production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming n-heptane production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including Petrochemical Industry, Pharmaceuticals, and Agricultural Chemicals. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global n-heptane pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast n-heptane prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable n-heptane pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

100.20 g/mol

CAS No

142-82-5

HS Code

29011000

Molecular Formula

C₇H₁₆

n-heptane

Packaging Type

Drums

Grades Covered

>99%

Incoterms Used

FOB Shanghai, FOB Busan, CIF Nhava Sheva (China, South Korea)

Synonym

Heptyl hydride, Gettysolve-C, Heptane

Quotation Terms:

20-25 MT 10-15 MT(India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification	Method
Content of n-Heptane, w%	≥99	SH/T 0714
Distillation range, primary distillation point, dry point (℃)	≥94 ≤99	GB/T 6536
Density (20 ℃), kg / m3	650-690	GB/T 1885
Bromine index, MGBR / 100g	≤100	GB/T 11136
Saybolt Colour	≥+28	GB/T 3555
Sulfur content, mg/kg	≤2	SH/T 0689
Micro aromatic hydrocarbon, ppm	≤10	GB/T 17474
Water w/v%	≤0.1	SH/T 0409
Nonvolatile content, w/v%	≤0.005	GB/T 3209

Applications

N-heptane is a versatile chemical with several important applications across various industries. It is primarily used as a solvent in the paints, coatings, and adhesives sectors, where it helps dissolve organic compounds and acts as a thinner for achieving desired viscosity. In laboratories, n-heptane plays a key role in chemical analyses, particularly in chromatography, due to its non-polar nature. Additionally, it serves as a standard reference fuel for octane rating tests in gasoline, aids in extraction processes in the food industry, and is involved in the production and purification of certain pharmaceuticals. Its effective solvent properties also make n-heptane a valuable cleaning agent for degreasing applications, underscoring its wide-ranging utility.

Disclaimer

N-Heptane price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for n-heptane. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the price of n-heptane? +

The price of n-heptane is primarily influenced by fluctuations in crude oil prices, as it is derived from this key feedstock. Additional factors include production costs, supply chain logistics, and global demand trends, particularly from the paint and coatings industry. Geopolitical tensions and OPEC+ production cuts can also impact pricing, leading to market volatility. Understanding these variables can help procurement heads make informed purchasing decisions.

How can I ensure competitive pricing for n-heptane? +

To secure competitive pricing for n-heptane, procurement heads should consider establishing long-term contracts with suppliers, monitoring market trends, and leveraging bulk purchasing options. Engaging multiple suppliers can also create competitive pressure. Additionally, staying informed about global oil market dynamics and geopolitical developments will help you anticipate price changes and negotiate better terms.

What are the key quality standards for purchasing n-heptane? +

When purchasing n-heptane, it is crucial to ensure that it meets industry-specific quality standards. Look for compliance with ASTM D89, which specifies the test methods for determining the physical and chemical properties of n-heptane. Additionally, check for purity levels (typically 95% or higher) and ensure that the supplier provides proper documentation, including safety data sheets (SDS). This ensures that the n-heptane will perform reliably in your applications and meet regulatory requirements.