In the first half of 2023, crude oil and gas prices initially declined due to reduced demand, lowered feedstock costs, and ample inventories. This negatively impacted the petrochemical sector, including Decene, with prices maintaining a bearish trend. However, a rebound occurred in the second quarter as demand increased with diminishing stocks and buyer hoarding. The market saw a significant turnaround as Saudi Arabia’s output cut announcement in July aimed to stabilize the oil market, leading to an upward price trend for Decene and other petrochemicals by the end of the second quarter.
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Definition
Decene is a crucial organic compound belonging to the category of linear alpha olefins, which are widely used as raw materials in the production of various industrial and consumer products. With its chemical formula C10H20, decene is characterized by a chain of ten carbon atoms with a double bond at the first carbon position. This compound finds application in manufacturing detergents, lubricants, plastics, synthetic fluids, and other specialty chemicals. Its versatility and reactivity make it valuable in the production of diverse materials across different industries.
Key Details About the Decene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Decene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Decene Price chart, including India Decene price, USA Decene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Decene Price Trend:
Decene plays a pivotal role in several industrial applications due to its unique chemical properties. It is a key ingredient in the production of high-quality detergents, providing effective cleaning and emulsification properties. In the plastics industry, decene is used as a comonomer in the production of various types of polyethylene, enhancing polymer properties and performance. Additionally, it serves as a crucial component in the manufacturing of lubricants, synthetic oils, and specialty chemicals, contributing to improved viscosity and lubrication characteristics. Its multifaceted utility underscores its significance across industries, enabling the creation of a wide range of products with enhanced functionality.
Key Players:
- Orochem Technologies Inc
- PJSC Nizhnekamskneftekhim
- Acros Organics
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