Hexene Price Trend and Forecast

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Market Overview

For the Quarter Ending September 2021

Asia Pacific

Consistent demand for end products such as C6-LLDPE due to the heavy buying interest for packaging material positively impacted the market fundamentals of Hexene in August. Buyers were heard stockpiling heavy cargoes of Polyethylene over its increased demand from local vendors, thereby leading to a strong consumption of feedstock Hexene in the process. Moreover, Hexene consumption as a fuel additive also experienced a considerable surge on increment in domestic commute activities in the domestic market. Following the appreciable revival in its demand outlook, traders were heard extending their profit margins to make up for the loss incurred in the previous quarter.

Europe

Increased prices of Natural Gas and Crude oil around the world translated into strong pricing for several petrochemicals in the European domestic market. In lieu of that, Hexene pricing in Germany also followed the same pattern. Demand from the downstream polyethylene sector along with curtailed imports from Asia and North America further exaggerated the market dynamics resulting in a continuous rise in pricing. Furthermore, resolutely high shipping and freight charges from Asia continued to play a crucial role in the overall pricing trend of Hexene. Prices of Hexene as of the 2nd week of September were assessed at USD 1890/MT CFR Hamburg. With distorted market dynamics of Hexene across the globe, prices are likely to continue to increase further in Q4.

Middle East & Africa

Prices of 1-Hexene witnessed historic highs in the 3rd quarter due to increased raw material pricing and continued tightness in the market supply. As per the market experts, the prices showed notable gains in the second half of the financial year due to a combined impact of higher upstream Brent crude oil and global supply disruptions. “C6 pricing is relatively high as availability is still restricted from the overseas and crude is showing no signs of retreat. We are currently sending shipments only to Eurasian countries and that too on priority orders,” said a leading manufacturer. FOB Al-Jubail prices touched USD 2904/MT during the week ending 17th September. As per the market players, the global shortage of Hexene also affected the supply of several grades of mLLDPE whose demand is picking up with the economic rebound during the quarter.

Hexane Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Hexene is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Hexene market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Hexene manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Hexene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Hexene market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Hexene are analyzed and region-wise demand pattern is tracked.

About

Hexene is an alkene with a chemical formula C6H12. The prefix "hex" denotes 6 carbon atoms in the molecule, while the "-ene" suffix denotes that there is an alkene present in which two carbon atoms are connected through a double bond. There are various isomers of Hexene, depending on the geometry and position of the double bond in the chain. One of the most common industrially used isomers is 1-hexene which is an Alpha-Olefin. Hexene is widely used as a comonomer in the production of Polyethylene. Industrially, hexanes are widely utilized in the formulation of glues for shoes, leather products, and roofing. They are also used for the extraction of cooking oils (such as canola oil or soy oil) from seeds. Other applications of Hexene include cleansing and degreasing, textile manufacturing, additive in consumer products such as gasoline, glue, varnishes and inks, and others. Hexene has a wide application scope in various end-use industries including lubricants, plasticizers, intermediate chemicals, detergent intermediates, lubricants, pulp & paper, additives, and others.

Product Specific Details

CAS No:	592-41-6
HS Code:	39019090
Grade:	Industrial grade
Contract Size:	100-150MT
Packaging Type:	Drum/Tanker

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Hexene Price Trend and Forecast