Cyclohexanone Prices, Monitor, Analysis & Demand
North America The North American Cyclohexanone market has witnessed a bearish trend in Q4 2023, primarily due to the expected restrictions on vessels' transition through the Neopanamax locks, which have hampered the supply chain. Furthermore, the reducing domestic petrochemical production capacity and overseas supplier inventory due to oil production cuts by major producers have also affected the prices. The limited inventory of Cyclohexanone in the domestic market has led to further price hikes, while decreasing downstream demand has supported a price drop. The recent visit of US President Joe Biden to Vietnam and the upgrade of bilateral relations between the two nations have opened up new growth opportunities in the textile industry, particularly in garment exports. The last quarter of 2023 has seen the shutdown of Shell Chemicals Acetone and Phenol solvent unit in Deer Park, Texas, US. The reduced stockpile in the US has caused higher imports of commodities from various ...
