Heavy Aromatic Naphtha Solvent Prices Trend | Pricing | Database | Index | News | Chart
North America
In the US, Heavy Aromatic Naphtha Solvents (HAN) are experiencing rising prices, primarily due to increased costs of crude oil and naphtha, their main feedstocks. Despite these price increases, demand for HAN remains moderate across downstream sectors such as paints, coatings, sealants, and construction.
The higher feedstock costs are putting pressure on overall production expenses for HAN, contributing to the upward price trend. Nevertheless, demand from downstream industries remains stable, reflecting continued reliance on HAN for various applications.
Supply dynamics have been varied throughout the quarter, with initial disruptions caused by poor weather conditions, followed by a return to normal supply levels later in the period. Despite these disruptions, the market has managed to meet the moderate demand levels.
Overall, while facing upward price pressures due to increased feedstock costs, the HAN market in the US remains stable with moderate demand and a recovery in supply levels after initial weather-related challenges.
Get Real Time Prices for Heavy Aromatic Naphtha Solvents (HAN): https://www.chemanalyst.com/Pricing-data/heavy-aromatic-naphtha-solvent-1177
APAC
In the first quarter of 2024, Heavy Aromatic Naphtha Solvents (HAN) saw an upward price trajectory, driven by significant cost pressures from rising naphtha and crude oil prices. In India, the industrial sector demonstrated continuous growth, with a surge in production levels and new order inflows as the fiscal year concluded. This growth was supported by advanced technology and favorable demand conditions, particularly from downstream segments such as paint and coating, adhesives, and sealants.
Indian refiners adjusted their crude oil sourcing strategies in response to tightened supply for moving Russian cargoes on non-sanctioned vessels, increasing their purchases from Iraq, the UAE, and Qatar. By March, 48.3% of crude oil imports to India came from Middle Eastern countries, with 27.8% from Russia. This shift impacted the market, contributing to increased consumption of Heavy Aromatic Naphtha. The price for March was finalized at USD 851 per metric ton on an Ex-Kandla basis.
Europe
In Europe, the market for Heavy Aromatic Naphtha Solvents (HAN) has experienced rising prices despite a decline in demand. These solvents, derived from crude oil and naphtha, are essential for downstream industries such as paints, coatings, sealants, and construction.
The upward price trend is notable, but demand for HAN has decreased, reflecting a downturn in the paints, coatings, and sealants sectors. This decline may be due to economic uncertainties, reduced construction activities, and shifts in consumer preferences. The construction sector, a major consumer of HAN-based products, has been impacted by fluctuating raw material costs, regulatory changes, and supply chain disruptions. Similarly, the paints and coatings industry, closely tied to construction and manufacturing, has faced challenges due to subdued consumer spending and decreased investment in infrastructure projects.
Overall, while prices for Heavy Aromatic Naphtha Solvents are rising, the decrease in demand from key downstream industries presents challenges for suppliers and manufacturers in the European market.
Get Real Time Prices for Heavy Aromatic Naphtha Solvents (HAN): https://www.chemanalyst.com/Pricing-data/heavy-aromatic-naphtha-solvent-1177
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