Cyclohexanone Prices Index: Trend, Chart, News, Graph, Demand, Forecast
During the first quarter of 2025, the global Cyclohexanone market experienced a mixed trend, shaped by a complex interplay of fluctuating raw material costs, downstream demand variations, regional supply disruptions, and macroeconomic influences. Cyclohexanone, a key intermediate in the production of caprolactam and adipic acid—both of which are vital for manufacturing nylon and other polymers—witnessed uneven pricing patterns across major markets, including North America, Asia-Pacific, and Europe. These fluctuations were largely driven by changes in the prices of feedstocks like benzene and cyclohexane, along with shifts in demand from key industries such as textiles, coatings, automotive, and plastics.
In North America, Cyclohexanone prices displayed volatility throughout the quarter. January began on a steady note as the market maintained a balance between supply and demand, with downstream sectors like caprolactam and adipic acid showing stable consumption. However, mid-January saw a price surge fueled by tightening supply conditions and an uptick in nylon production, which led to increased demand for Cyclohexanone. February continued the upward trend due to rising benzene costs and logistical challenges, such as port congestion and delays in transportation, which disrupted supply chains and limited material availability. Despite broader inflationary pressures, market sentiment remained optimistic due to signs of recovery in the manufacturing sector and steady downstream offtake. Entering March, however, the bullish momentum began to wane as demand from major consuming sectors like automotive and textiles softened. Additionally, benzene prices began to decline, and inventory levels were sufficient to meet market needs, leading to a correction in Cyclohexanone prices. The market also felt the impact of uncertain trade policies and cautious procurement behavior, which further pressured prices downward. Ultimately, although prices saw brief gains in the earlier part of the quarter, the market closed on a more subdued note, recording only a slight increase of approximately 1% compared to the previous quarter.
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In the Asia-Pacific region, particularly in Thailand, the Cyclohexanone market witnessed a similar rollercoaster pattern throughout Q1 2025. January was characterized by sluggish demand following the New Year holidays, with minimal movement despite some restocking activities in anticipation of the Lunar New Year. Downstream consumption from chemical fibers and solvent applications remained moderate, limiting upward pricing momentum. February brought a brief period of stabilization, supported by steady operating rates at local production facilities and a mild recovery in procurement activity. Nonetheless, the market atmosphere remained cautious due to inconsistent demand trends and limited cost support from upstream benzene. The situation deteriorated further in March as the market experienced a decline in prices. This downturn was driven by a combination of weaker demand from the textile and coatings industries and an influx of lower-cost imports from neighboring countries like China and South Korea. With domestic supply remaining steady and benzene prices falling, sellers were compelled to lower their offers to maintain competitiveness. Export demand also underperformed, reinforcing the bearish sentiment. By the end of March, Cyclohexanone prices in Thailand had fallen to USD 1085 per metric ton on a CFR Bangkok basis, translating to a quarter-on-quarter decline of around 5%.
In Europe, the Cyclohexanone market showed a somewhat parallel trend, with prices initially holding firm before succumbing to downward pressures by the end of the quarter. The Netherlands, serving as a key indicator for European pricing, saw stable prices in early January due to balanced supply conditions and moderate downstream demand from industries such as paints, coatings, and textiles. However, a dip in mid-January was noted as caprolactam and adipic acid producers reduced operating rates, and lower cyclohexane prices improved production margins, making it easier for suppliers to offer competitive pricing. As February unfolded, prices rebounded, supported by a pickup in downstream demand and logistical bottlenecks at Rotterdam port, which constrained supply flow. Rising benzene costs added another layer of pressure on production expenses, resulting in incremental price increases through mid-February. Toward the end of the month, as port operations normalized and inventory levels improved, the market regained equilibrium. March marked a turning point as prices declined steadily in response to subdued demand from the caprolactam sector and high inventory levels that dampened urgency among buyers. Falling feedstock prices and weaker procurement activity exerted additional downward pressure, leading to an overall price decline of about 7% by the end of the quarter compared to Q4 2024.
Globally, the Cyclohexanone market in Q1 2025 was marked by sharp contrasts between the first and latter halves of the quarter. While January and February reflected stronger fundamentals supported by cost-push factors and logistical constraints, March introduced a bearish sentiment due to easing feedstock costs, abundant inventories, and weaker end-user consumption. Regional disparities were apparent, with North America seeing modest gains amid supply chain disruptions and Asia facing greater declines due to competitive import pressures and waning export interest. Europe, too, reflected this global softening trend, ending the quarter with a net decrease in prices. As market participants move into Q2 2025, attention will likely focus on benzene cost trends, inventory levels, global trade policy clarity, and the pace of recovery in key downstream industries, all of which will be critical in shaping the Cyclohexanone price trajectory in the coming months.
Get Real time Prices for Cyclohexanone : https://www.chemanalyst.com/Pricing-data/cyclohexanone-1136
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