For the Quarter Ending September 2025
North America
• In USA, Hexene Price Index fell 15.07% quarter-over-quarter, driven by oversupply and weak polyethylene demand.
• The average Hexene price for the quarter was approximately USD 1241.67/MT with subdued contract activity.
• Hexene Spot Price stayed pressured as inventories rose and spot activity declined across Gulf Coast.
• Hexene Price Forecast points to continued downside near term unless polyethylene demand materially strengthens soon.
• Recently Hexene Production Cost Trend eased from natural gas, insufficient to counterbalance demand-driven price weakness.
• Hexene Demand Outlook muted as LLDPE and HDPE converters delay purchases amid soft macro signals.
• Hexene Price Index weakness was amplified by competitive Asian offers and reduced export flows abroad.
• Producers held utilization with Chevron Phillips, INEOS, Shell, Sasol and ExxonMobil running near full rates.
Why did the price of Hexene change in September 2025 in North America?
• Weak polyethylene demand reduced spot procurement, causing domestic sellers to lower offers and FOB prices.
• High Gulf Coast inventories and plants run limited scarcity, maintaining downward pressure on Hexene pricing.
• Competitive Asian origin offers, and stronger US dollar weakened export demand, further depressing FOB Hexene pricing.
APAC
• In South Korea, the Hexene Price Index fell by 15.41% quarter-over-quarter, reflecting oversupply and weak demand.
• The average Hexene price for the quarter was approximately USD 1432.33/MT, reflecting moving average weakness.
• Hexene Spot Price weakened as exporters discounted offers to manage inventory amid soft polyethylene procurement.
• Hexene Price Forecast signals modest recovery late Q4 if polyethylene restocking and export orders materialize.
• Hexene Production Cost Trend stayed subdued as ethylene feedstock eased, limiting upward cost pressure overall.
• Hexene Demand Outlook remains weak with LLDPE and HDPE procurement restrained by slow construction activity.
• Hexene Price Index reflected elevated inventories and cautious export interest, prompting sellers to prioritize volumes.
• Domestic crackers operated steadily, maintaining output and supply continuity, tempering volatility across spot markets.
Why did the price of Hexene change in September 2025 in APAC?
• Persistent weak polyethylene procurement and cautious converters reduced offtake, directly pressuring Hexene Price Index lower.
• Ample imports with domestic cracker runs sustained supply, increasing inventories and softening Hexene Spot Price.
• Softer ethylene feedstock costs eased production costs, but demand shortfall prevented meaningful Hexene price recovery.
Europe
• In Germany, the Hexene Price Index fell by 15.0% quarter-over-quarter, reflecting import-led oversupply and caution.
• The average Hexene price for the quarter was approximately USD 1555.00/MT, based on CFR Hamburg
• Hexene Spot Price weakened with port inventories accumulating, exerting downward influence on the Price Index.
• Hexene Price Forecast indicates modest downside near term unless polyethylene restocking significantly increases demand momentum.
• Hexene Production Cost Trend remained muted as ethylene feedstock and energy benchmarks showed modest pressure.
• Hexene Demand Outlook stayed subdued with packaging and construction sectors restricting offtake, keeping reordering cautious.
• High inventories and steady imports depressed offers, keeping the Hexene Price Index under downward pressure.
• Routine plant operations and Rhine logistics friction raised costs but did not reverse Hexene weakness.
Why did the price of Hexene change in September 2025 in Europe?
• Uninterrupted import flows and deep-sea arrivals increased port inventories, overwhelming local offtake and depressing offers.
• Subdued polyethylene demand from packaging and construction curtailed Hexene offtake, prompting converters to delay replenishment.
• Stable ethylene feedstock prices and contained energy costs limited cost-push, failing to offset oversupply pressure.
MEA
• In Saudi Arabia, the Hexene Price Index fell by 20.3% quarter-over-quarter, driven by excess supply.
• The average Hexene price for the quarter was approximately USD 1208.00/MT, based on FOB-Jubail spot.
• Hexene Spot Price eased as sellers discounted offers amid abundant inventories and cautious buyer behaviour.
• Hexene Price Forecast is subdued, with limited upside until polyethylene demand recovers across Asia-Pacific markets.
• Hexene Production Cost Trend eased as ethylene feedstock prices softened, marginally relieving producer margin pressure.
• Hexene Demand Outlook remains weak, constrained by seasonal construction lull and cautious polyethylene converter procurement.
• Hexene Price Index accelerated as exporters cut offers and buyers deferred purchases awaiting lower costs.
• Inventory accumulation, steady Saudi plant runs amplified surplus, pressuring spot availability and depressing export offers.
Why did the price of Hexene change in September 2025 in MEA?
• Consistent oversupply from uninterrupted Saudi runs increased inventories, reducing urgency among buyers and lowering offers.
• Soft polyethylene demand, seasonal construction lull, cautious converter restocking limited offtake and weakened price support.
• Stable ethylene feedstock prices eased production costs, diminishing producer urgency to defend Hexene Price Index.
For the Quarter Ending June 2025
North America
• The Hexene Price Index in the U.S. averaged USD 1,507/MT FOB Texas through Q2 2025, sliding consistently due to persistent oversupply and subdued domestic and export offtake.
• The Hexene Spot Price stood at USD 1,343/MT by June, despite slight feedstock ethylene gains, as elevated inventories and weak construction and packaging demand outweighed cost support.
• Why did the price change in July 2025?
• Prices are expected to remain pressured, with housing slowdown, high interest rates, and soft auto OEM output keeping converters on short procurement cycles despite softer natural gas input costs.
• The Hexene Production Cost Trend softened marginally, aided by low natural gas prices (USD 6.89/MMBtu GCV), though producers avoided deeper price cuts to protect margins.
• The Hexene Demand Outlook is flat, as HDPE and LLDPE blending for industrial polymers sees routine procurement, but packaging, housing films, and auto parts remain muted due to macroeconomic caution and export weakness.
Asia-Pacific
• The Hexene Price Index in China averaged USD 1,653/MT CFR Nanjing during Q2 2025, down from earlier highs as oversupply and weak demand continued to pressure pricing.
• The Hexene Spot Price reached USD 1,498/MT by June, falling steadily from April’s USD 1,773 as Chinese buyers deferred procurement amid excess inventories from key exporters like Saudi Arabia and South Korea.
• Why did the price change in July 2025?
• Prices are projected to stay soft, driven by ample terminal stockpiles, sluggish construction and packaging demand, and transient boosts from NEV-linked automotive output that failed to sustain momentum.
• The Hexene Production Cost Trend eased, supported by lower upstream ethylene and freight rates, allowing sellers to offer competitive concessions despite stable domestic operating rates.
• The Hexene Demand Outlook remains weak, as construction-linked polyethylene (piping, insulation, and films) and automotive polymers face tepid orders, despite moderate support from NEV-driven HDPE/LLDPE applications.
Middle East & Africa
• The Hexene Price Index in Saudi Arabia averaged USD 1,528/MT FOB Al-Jubail across Q2 2025, slipping consistently as domestic stockpiles swelled and export flows to China, Malaysia, and the UAE faltered.
• The Hexene Spot Price closed Q2 at USD 1,440/MT, pressured by low international buying interest and continued oversupply in regional storage hubs.
• Why did the price change in July 2025?
• Prices are expected to stay weak, with soft downstream HDPE/LLDPE utilization in packaging and construction and muted export inquiries keeping sellers reliant on discounts.
• The Hexene Production Cost Trend eased further with lower ethylene values, but ample stock levels and subdued offtake restricted any price recovery despite flexibility in production economics.
• The Hexene Demand Outlook remains soft, as plastic converters and processors for geomembranes, cable sheathing, automotive parts, and flexible films kept procurement conservative amid low downstream operating rates.
For the Quarter Ending March 2025
North America
The Q1 2025 pricing trend for Hexene in the U.S. reflected a predominantly bullish start, followed by signs of bearish activity as the quarter ended. In January, prices rose, driven by resolving supply chain issues, particularly following the ILA strike, and increased feedstock costs, notably from HDPE and LDPE manufacturers. Demand was robust due to rising activity in both the automotive and construction sectors, which countered inflationary pressures.
Transitioning into February, the bullish sentiment continued with prices further escalating due to sustained demand and heightened feedstock costs. Despite challenges like high inflation, sectors reliant on Hexene maintained a steady need, resulting in continued upward price momentum as supply constraints affected production.
However, entering March, the trend shifted to bearish territory as an oversupply emerged. Buyers were hesitant to make significant purchases, prioritizing immediate needs, which led to weakened market activity. Suppliers had to rethink their pricing strategies to stimulate demand amid these challenges.
Overall, while Q1 began with optimism due to strong demand, a notable downturn occurred in March, indicating a more complex market landscape by quarter-end.
APAC
Hexene prices in South Korea throughout Q1 2025 exhibited significant volatility, driven by shifting demand dynamics and market conditions. January began on a bearish note, with prices declining due to subdued demand from downstream sectors, particularly HDPE and LDPE, against a backdrop of broader economic uncertainty and political instability. The oversupply in the domestic market, coupled with diminishing construction activities, exacerbated the downward pricing pressure.
In February, a bullish shift emerged as rising feedstock costs, particularly for ethylene, stimulated market activity. Increased prices for HDPE and LDPE due to strong demand in the packaging sector provided upward momentum for Hexene prices. Despite a dip in automotive sales, Hexene maintained robust demand from sectors like food and pharmaceuticals, thanks to the continued consumption in packaging materials.
However, March saw a reversion to bearish trends due to oversupply and weakened demand. Suppliers faced challenges in moving stocks as buyers focused on immediate restocking needs, resulting in limited market activity. Overall, Q1 2025 highlighted Hexene's dependency on broader economic factors and sector-specific demand, suggesting a cautious outlook moving forward.
Europe
For Q1 2025, Hexene prices in the European region particularly Germany demonstrated significant fluctuations, influenced by varying demand and supply dynamics. January began with a decline in Hexene prices due to reduced demand from the construction sector, compounded by sluggish international market conditions. The trend continued downward as weak demand persisted, particularly amid broader economic challenges in the Eurozone, leading to further inventory destocking.
In February, prices experienced a temporary bullish reversal, driven by escalating feedstock costs and price hikes in downstream derivatives like HDPE and LDPE.
March saw a bearish trend, marked by oversupply and weak demand, as sellers struggled to clear stock. Most transactions were characterized by urgent replenishment needs rather than large orders, resulting in limited market activity. Suppliers attempted to stimulate demand by revising pricing strategies amidst declining shipping costs, which further pressured prices downward.
Overall, the quarter reflected a complex interplay of high producer stock levels, soft demand in key sectors, and inflationary pressures, culminating in a cautious market environment by the end of March.
Middle East
In Q1 2025, the pricing trend for Hexene in the Middle East reflected a complex interplay between supply challenges, demand fluctuations, and macroeconomic influences. January began with rising prices, primarily driven by increased feedstock costs from HDPE and LDPE manufacturers. This upward trend was supported by a generally bullish global solvent market, amid underlying economic pressures such as inflation and weakening currencies.
In February, Hexene prices continued on a bullish trajectory, as feedstock costs and strong activity in downstream polyethylene markets exerted additional pressure. Although prices rose, demand remained stable, suggesting that the effects of inflation and higher raw material costs were overshadowing typical demand sensitivities.
However, March marked a shift to a bearish trend, largely due to oversupply and weak market demand. Suppliers faced difficulties in offloading stock, as buyers focused on immediate restocking rather than larger orders. This led to price adjustments among suppliers in an attempt to stimulate demand amid a cautious market environment. Overall, Q1 2025 illustrated the challenges faced in the Hexene market, characterized by initial price hikes followed by a downturn as conditions shifted towards oversupply and weak consumer interests.
For the Quarter Ending December 2024
North America
In Q4 2024, the Hexene market in the North American region, particularly the USA, experienced a predominantly bearish trend, driven by oversupply and weak demand. October saw declining prices due to East Coast oversupply and hurricane-related plant shutdowns, exacerbated by port congestion and high bunker volumes. Lower production was attributed to the upcoming US elections, geopolitical concerns, and declining business confidence. Weak downstream demand in the construction and automotive sectors, due to high financing costs, further contributed to the decline.
November continued the bearish trend despite a slight ethylene price increase, due to the Shell Chemical plant shutdown and persistent weak end-user demand. Logistical uncertainties and election-related uncertainty reinforced a cautious market outlook.
December opened with a further price drop due to sluggish demand from HDPE and LDPE sectors, ample supply, and reduced export opportunities caused by increased competition and tariff uncertainties. Weak export demand, along with domestic seasonal destocking, contributed to inventory buildup. The year ended with a bearish outlook, with the quarter-ending price of USD 1600/MT FOB Texas, influenced by a combination of domestic and international market challenges.
APAC
South Korea's hexene market in Q4 2024 experienced a predominantly bearish trend, impacted by weak regional demand, lower ethylene prices, and plant shutdowns. The quarter saw a consistent downward trend. October experienced a 2% decline, reflecting bearish global market pressure and weak demand in Northeast Asia, particularly China. November saw a further 1.5% decrease due to subdued downstream demand (HDPE, LDPE), declining exports to China and India, and rising import costs due to the stronger US dollar. December concluded with a 1.1% drop, attributed to continued weak demand, seasonal slowdowns, political uncertainty in South Korea, and oversupply. Several key factors converged to create a bearish trend in South Korea's hexene market during Q4 2024. Weak demand in major downstream sectors, particularly HDPE and LDPE production, driven by sluggish construction and automotive activity in South Korea, China, and India, significantly impacted pricing. Lower global ethylene prices directly affected hexene production costs and market competitiveness. Plant shutdowns, while initially creating some supply tightness, were ultimately overshadowed by the overwhelming impact of weak demand. Furthermore, economic headwinds in key export markets like China and India, coupled with political uncertainty in South Korea, further dampened market sentiment and reduced purchasing activity. Finally, although easing in late December, elevated freight costs earlier in the quarter added additional pressure, especially for exports. The combination of these factors resulted in the consistent price decline observed throughout the fourth quarter. The quarter-ending price for Hexene FOB Busan stood at USD 1880/MT.
Europe
In Q4 2024, the Hexene market in the European region, particularly Germany experienced a sustained bearish trend, driven primarily by weak downstream demand and ample supply. October began with prices under pressure due to falling global ethylene prices and subdued US demand. November saw a 1.8% price decrease, reflecting weak HDPE and LDPE demand, oversupply, and logistical issues. December continued the downward trend, with prices impacted by weak downstream consumption, oversupply, and reduced export activity despite stable ethylene costs.
Several factors contributed to this decline. Sluggish construction and automotive sectors in Europe significantly reduced demand for HDPE and LDPE, impacting hexene consumption. Lower global ethylene prices further pressured margins and intensified competition. Germany, while having robust production, faced oversupply due to weak demand and export challenges. The sluggish European economy also dampened buyer confidence. In summary, the consistent price decline reflected the interplay of weak demand, ample supply, lower production costs, and economic headwinds. The quarter ended with Hexene CFR Hamburg price of USD 2120/MT.
MEA
In Q4 2024, the hexene market in the MEA region, particularly Saudi Arabia, experienced a decline in prices. In Saudi Arabia, a major exporter, prices declined due to weakened demand from key import markets like China and India, experiencing economic slowdowns and seasonal factors. Lower production in October, coupled with oversupply in November and December, intensified the price drop. Falling raw material costs further contributed to the downward pressure. While domestic demand in Saudi Arabia remained relatively stable, primarily driven by the resilient packaging and construction sectors, it was insufficient to compensate for the weak export market performance. The impact of US-China tensions indirectly influenced the market by accelerating a shift towards Saudi hexene due to quicker delivery times, though this wasn't substantial enough to significantly support prices. The prevalent downward pressure on hexene prices underscores the significant impact of global economic slowdowns on industries heavily reliant on hexene-derived products like LLDPE and HDPE. Furthermore, geopolitical events and tariff structures played a substantial role in influencing market behavior, specifically impacting hexene export volumes and pricing across international trade routes. Market participants faced challenges from weak export demand, managing excess inventory, and navigating price competition in a weakening market. The combination of lower production and oversupply created significant headwinds. Saudi Arabia's hexene market concluded Q4 2024 with a bearish outlook. The quarter-ending price for Hexene FOB AI-Jubail stood at USD 1590/MT.
