n-Hexane Prices Overview

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Market Overview

Quarterly Update on Global n-Hexane Market

For the Quarter Ending December 2020

Asia

Steady hike in the prices of upstream crude oil backed by low product availability across Southeast Asia provided a striking upward push to the prices of N-hexane in Q4. In some southeast Asian countries, such as Malaysia and the Philippines, prolonged national lockdowns however, further dampened possible signs of demand recovery and added to the growing inventory pressure. Price of n-Hexane remained in the substantial to firm range in the first half of the quarter due to year-end restocking activities observed in China and Taiwan. Some plant turnarounds in the region indicated towards potential tightness in the supply in H1 2021.

Europe

Alleviating demand for n-Hexane from the pharmaceutical intermediates and industrial solvents pushed up the market sentiments in Europe. Several manufacturers were heard increasing their production rates in the first half of the quarter while its utilization grew in the pharmaceutical industry for forming pills and tablets. In early October, there was an upward push to the pricing curve of n- Hexane due to active restocking by end-user industries owing to levelled demand. Regional prices also rallied on the back of firmer crude oil due to production related constraints from the producing belts.

North America

High volatility in the international crude oil market continued to hamper the n-Hexane price curve with the uniform demand growth observed in the downstream sectors. Prices revived towards the end of the quarter with immense utilization reported in the industrial solvent applications. The demand for food grade Hexane surged due to better offtakes for edible oil extraction. Eventual restart of some upstream crackers in December lifted the production volumes.

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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 n-Hexane 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 n-Hexane 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 n-Hexane 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 n-Hexane 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 n-Hexane 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 n-Hexane are analyzed and region-wise demand pattern is tracked.

About

n-Hexane has the chemical formula of C ₆H ₁₄/CH₃(CH₂)₅CH₃. n-hexane is a highly volatile, colourless liquid that is miscible with most organic solvents and is less soluble in water. With oxidising materials such as liquid chlorine, concentrated oxygen, and sodium hypochlorite, n-Hexane can interact vigorously. The refining of crude oil produces n-hexane. Regulated fractional distillation and other refinery-based processes segregate hydrocarbons within specific boiling point ranges to produce n-hexane from petroleum mixtures. In addition to n-hexane, many industrial grades of n-hexane contain large quantities of other hydrocarbons (for example, toluene or solvents such as acetone or methyl ethyl ketone etc.). Commercially, hexane is most commonly found in a combination with other hexane isomers and other solvents. Hexanes are primarily used for the extraction of soybeans, flaxseed, peanuts, safflower, maize germ, and cottonseed vegetable oil. n-Hexane has other significant uses as a special-purpose solvent and cleaning agent (degreaser) utilized in industries such as textile manufacturing, shoe and leather making, and furniture manufacturing.

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n-Hexane Prices Overview