Cyclopentane Prices, Monitor, Analysis & Demand
North America In the final quarter of 2023, the North American Cyclopentane market encountered a combination of challenges and opportunities. Initially, there was a positive market sentiment driven by a Cyclopentane supply shortage and increased global demand from the refrigerant sector. International demand, particularly from the Indian market, remained strong due to the upcoming festive season. However, as November progressed, North American Cyclopentane prices started to decline. The drop in prices was influenced by the decrease in the cost of essential raw materials such as Benzene and Crude Oil, leading to reduced production rates and lower energy costs in the country. Additionally, a rise in Cyclopentane inventories in the region contributed to the downward pressure on prices. Persistent drought conditions in the Panama Canal and Maersk's decision to reroute vessels away from Red Sea routes, opting for navigation around Africa's Cape of Good Hope due to rebel attacks i...
