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 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.
Report Offering:
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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
Hexene, a hydrocarbon belonging to the alkene family, is primarily used as a co-monomer in the production of polyethylene, especially in linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). It contributes to improved material flexibility, strength, and impact resistance. Hexene’s versatility also extends to the manufacture of synthetic lubricants, plasticizers, and other chemical intermediates. The global hexene market is driven by the rising demand for polyethylene in industries such as packaging, automotive, and construction.
Increased consumption of flexible packaging materials and the growing use of lightweight, durable plastics in automotive components are key trends fueling market growth. Additionally, the development of advanced polymer applications is expanding the demand for hexene in various sectors. The ongoing trend toward sustainability and recyclability in plastics manufacturing also promotes the adoption of hexene as an essential ingredient in eco-friendly polymer formulations, further supporting its market expansion.
Hexene Industry Analysis
Hexene prices in North America remained bearish during Q4 2023, driven by oversupply and falling feedstock prices amid strong crude and gas production. Demand from downstream polyethylene sectors weakened due to high inventory levels, exacerbated by rising interest rates from the US Federal Reserve. The construction sector showed signs of recovery, though demand was still muted due to late winter conditions and inflationary concerns.
Hexene prices in Europe followed a bearish trend in Q4 2023, mainly due to oversupply from the US and China. Ethylene prices also dropped, while demand from construction and automotive sectors weakened, particularly as energy-efficient renovations slowed due to reduced subsidies. Supply chain disruptions, including those from the Suez Canal crisis, further compounded the decline in demand and supply.
In Q4 2023, hexene prices in Asia Pacific fell due to lower demand from key industries such as construction and automotive. China’s oversupply, combined with weak demand for polyethylene and high fuel prices, contributed to the bearish sentiment. Marginal improvements in trade with North America were observed, driven by improved automobile sales in the US. However, domestic demand remained weak, especially in South Korea and Japan.
The hexene market in the Middle East followed a bearish trend in Q4 2023 due to oversupply and sluggish global demand. Saudi Arabia experienced the most significant price declines, largely influenced by weak economic recovery in China and reduced demand in India. Geopolitical factors, including the Israel-Hamas conflict, also affected demand, with expectations for the market to remain muted until restocking activities begin.
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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