n-Hexane Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

n-Hexane Price Forecast

n-Hexane prices are projected to correct and stabilize in the short term, as they are directly impacted by fluctuations in the crude oil market, which serves as the feedstock. After the dramatic rise in crude oil prices during Q1'24, primarily due to heightened geopolitical tensions in the Middle East, a surge was observed in the subsidiary hexane prices as well. However, as crude oil prices have started correcting following some normalization of supply chains, the n-hexane market is also expected to follow suit. Short-term market analysis suggests a steady decline and stabilization of n-hexane prices in the global markets.

Market Dynamics

The hexane market outlook is closely tied to the broader trends observed in the crude oil sector, with current dynamics indicating a period of stability amidst geopolitical and economic influences. Due to the lag between feedstock and product market dynamics, hexane prices are still inching up in the global market in Q2'24 despite recent corrections in the oil markets. However, the downward trend in feedstock prices is expected to drive the hexane market lower in the coming period. The market has been impacted by factors affecting the oil industry, such as geopolitical tensions, critical supply decisions pending from the upcoming OPEC+ meeting in June, and disruptions like a recent Ukrainian drone strike on a Russian refinery and Houthi missile attacks in key shipping routes. Despite these disruptions, the hexane market has managed to maintain a relatively steady course.

Annual Outlook for n-Hexane Industry

The annual supply and demand outlooks for n-Hexane appear balanced for 2024. After the recent turmoil in petroleum and petrochemical markets in Q1'24, when prices surged following the commencement of the Israeli war in the Middle East and the curtailment of supply chains, the markets are heading for correction. Ukrainian drone attacks on major Russian refineries have led to a dip in oil outputs from this major exporting nation, and tightening Western sanctions are also impacting the situation. The economic downturn in China, particularly within its real estate sector, a significant component of its GDP, continues to suppress broader commodity demands, including hexane. This is compounded by China's attempts to rejuvenate its economy through various fiscal measures. In the US, adjustments in inventory levels suggest a balancing market, potentially leading to stable hexane prices as demand conditions adjust. Overall, the hexane market is expected to remain well-supplied, with significant fluctuations in prices likely to be minimal, reflecting a generally steady market environment in the near term.

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What Our Reports Include:

Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.

• Visualizations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed analysis of current supply and demand factors shaping the market, along with projections for how these dynamics are expected to evolve during the forecast period.

• Insights from our extensive supplier and trader network, government websites, industry bodies, and global trade data.

Latest Industry News:

• Up-to-date information on recent developments and geopolitical events.

• Analysis of how these events are likely to impact future prices.

Key Macroeconomic Indicators:

• Evaluation of economic indicators such as GDP growth, inflation rates, and PMI.

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Price Outlook:

• Forecasted price trends for the next 2 years using statistical modelling and fundamental & technical analysis.

• Scenario analysis and potential price fluctuations.

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