Price trend

According to data monitored by SunSirs, as of May 26th, the average price of domestic industrial grade premium cyclohexane was 6,866.67 RMB/ton. This week, the price of cyclohexane declined narrowly, with a decrease of 0.96% compared to the same period last week. The overall market was stable and weak, and the focus of negotiations was weaker.

Analysis review

This week, the average price of domestic industrial grade premium product cyclohexane was around 6,866.67 RMB/ton. The overall market negotiation focus was weaker, logistics ass smooth, and downstream procurement was mainly just in needed. The willingness of downstream to stock up was not good, and manufacturers were willing to give up profits for sales. The latest price of the enterprises: Qingdao Fengyi Chemical New Materials Co., Ltd. 6,600 RMB/ton, Shandong Hongyang Chemical Co., Ltd. 6,700 RMB/ton, Shandong Yushuo Chemical Co., Ltd. 6,700 RMB/ton, Shandong Xiawei International Trade Co., Ltd. 6,600 RMB/ton.

Chemical Index: On May 25th, the chemical index stood at 863 points, a decrease of 3 points from the previous day, a decrease of 38.36% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.31% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

Cyclohexane analysts from SunSirs believe that the cyclohexane market is operating to be weaker in the short term.

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