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Written by Beckett » Updated on: August 14th, 2024
Hexene Prices In Saudi Arabia
Saudi Arabia: $1661 /MT
In December 2023, the price of hexene in Saudi Arabia rose to $1,661 per metric ton during the fourth quarter.
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 hexene 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.
Hexene Prices December 2023:
Report Offering:
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 rising demand for polyethylene (PE), particularly linear low-density polyethylene (LLDPE), is impelling the growth of the market. Hexene is a crucial comonomer in the production of LLDPE, which is widely used in packaging films, containers, and various industrial applications due to its superior tensile strength and flexibility. The growing preference for lightweight and durable packaging solutions in the consumer goods sector, coupled with the increasing adoption of LLDPE in agricultural films and construction materials, is driving the demand for hexene. The development of more efficient catalysts and refining techniques is enabling manufacturers to produce hexene with higher purity and yield, reducing production costs and minimizing environmental impact. Innovations, such as metallocene catalysts, are allowing for greater control over polymerization processes, resulting in improved product consistency and quality.
Hexene Industry Analysis
In North America, the prices of hexene faced a bearish scenario during the fourth quarter of 2023. Feedstock ethylene and energy expenses followed bearish sentiment in the mentioned timeframe amid strong US crude and gas production. Supply from hexene largely remained domestic, followed by oversupply sentiments. The ethylene market persisted in a bearish scenario, largely owing to oversupply and negative feedstock pressures. Needs from downstream polyethylene grades remained muted owing to weak consumption triggered by heightened interest rates by the US Federal Reserve, leading to extreme inventory stocks across the value chain of polyethylene products. Retail consumption remained resilient despite high interest rates, while October mortgage rates further reduced demand.
In Europe, the prices of hexene experienced a bearish scenario during the fourth quarter of 2023. Feedstock pressures continued to stay negative, largely due to the US and Chinese overproduction keeping up the supply of hexene. INEOS and LyondellBasell Oligomers continued to run at lower operating capacities as downstream requirements for hexene and ethylene copolymer slowed down largely on the back of the lower automobile and construction needs in the given time frame. During the quarter, feedstock ethylene began its bearish trend. Supply of ethylene was majorly domestic, with substantial imports from the US and the Middle East to stabilize the pricing. Till December, the marketplace observed weaker requirements due to high inventories of hexene/ethylene copolymer driven by lower heating demand.
The prices of hexene experienced a bearish scenario in the Asia Pacific region during the fourth quarter of 2023. Feedstock ethylene prices experienced mixed sentiment with prices staying stable in the months of October and November. However, the prices were reduced in the month of December. Chinese requirement for downstream polyethylene viz-a-viz hexene/ethylene copolymers remained on the lower end. In the South Korean market, domestic demand for hexene remained low largely due to subdued construction and lower automobile demand. This was also due to high interest rates in South Korea.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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