CHEM-NET FACTS

1 novemBER 2013

CHEMICAL MARKET INSIGHT AND FORESIGHT - ON A SINGLE PAGE

Tel: +44 20 7924 3955

Cyclohexane Fax: +44 20 7978 5307

Email: subscriptions@orbichem.com
Web: www.orbichem.com

The US cyclohexane market has seen only Sep-2013 Oct-2013 Oct-2013 Short-Term
US PRICES ¢/gal ¢/gal $/ton Price Trend
small changes, based on the modest drop in
Contract Posted 405 402 FOB 1359 È
the benzene price for October. At the same Contract Transaction 396-400 393-399 FOB 1328-1349 È
time, a considerable change in price may be WEST EUROPE PRICES €/ton €/ton $/ton
expected for November as spot prices have Contract Northwest Europe 1128 1077 EXW 1470 È

dropped substantially. The North American

cyclohexane formula price for October is
calculated at $4.02/gal, down 3 c/gal on the
price level seen for September, reflecting the
drop in the benzene contract price. Natural
gas prices in October averaged around
$3.68/mmBtu on 28 October, based on US Dollars per Ton CYCLOHEXANE PRICES : 2 YEAR SPAN
spot prices at Henry Hub. This suggests that, 2000

despite volatility, the overall price will not 1750

change very much for October from September. 1500

The October cyclohexane transaction price, 1250

including a natural gas component, is reported 1000

at $3.93-3.99/gal, down from $3.96-4.00/ 750
gal in September.
500

ov c
12
b ar Ap
r
ay Ju
n Ju
l g p ct ov c
13
b ar Ap
r
ay Ju
n Ju
l g p ct
De Fe Au Se O De Fe Au Se O
The European cyclohexane market in October N
20
M M N
20
M M

has been relatively quiet with discussions for Product Location Definition

next year’s contracts beginning around the Cyclohexane

Cyclohexane
United States
West Europe
Contract Transaction FOB
Contract NWE EXW
start of the month and still ongoing. Producers
are in a stronger position than they were at
the same time last year as the local European
supply of cyclohexane has shrunk by a further
260 ktpa, theoretically, with the closure of US Dollars per Ton
2000
CYCLOHEXANE PRICES : 10 YEAR SPAN

the BP Lingen facility planned for end of the 1750

year. In fact, the supply of cyclohexane has 1500
probably been lessened by 130 ktpa or less 1250
since this facility is understood to have been 1000

running at only around 50% of capacity this 750

year. The European cyclohexane delta for the 500

fourth quarter rolled over at €151/ton. This 250

gives an October contract price of €1077/ton 0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
with the benzene contract price at €926/ton,
down €51/ton, in line with the change in the Product
Cyclohexane
Location
United States
Definition
Contract Transaction FOB
benzene price for October. Cyclohexane West Europe Contract NWE EXW

Short-Term Price Trends

In North America, the benzene spot price US Dollars per Ton BENZENE PRICES : 2 YEAR SPAN
of around $4.13/gal, 24 c/gal lower than 2000

the contract price for October, suggests a 1750

lower contract price for November is possible 1500
for benzene, which will lead to a lower
1250
cyclohexane price, as well.
1000

European cyclohexane prices are expected 750

to fall in November, along with benzene 500

ov c b ar r
ay n l g p ct ov c b ar r
ay n l g p ct
values. N De
20
12 Fe M Ap M Ju Ju Au Se O N De
20
13 Fe M Ap M Ju Ju Au Se O

Product Location Definition

Benzene United States Contract FOB
Benzene West Europe Contract NWE FOB
Benzene Asia Contract CFR

Reproduction of any part of this work by any process whatsoever without written permission of Tecnon OrbiChem is strictly forbidden Disclaimer