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SunSirs: The Cyclohexane Market Was Mainly Stable (August 21-28)
August 29 2023 10:14:16SunSirs(John)

Price trend

According to data monitored by SunSirs, as of August 28th, the average price of domestic industrial grade premium cyclohexane was 7,066.67 RMB/ton, which was stable compared to the same period last week. The overall market supply and demand were balanced, and shipments were currently slow.

Market outlook

This week, the market price of cyclohexane was stronger in a narrow range, with the mainstream price around 7,066.67 RMB/ton. Compared to the same period last week, the price had remained stable, with mainstream manufacturers maintaining a quotation range of around 7,000 RMB/ton and a stable operating rate. Downstream procurement was mainly on demand, and the negotiation atmosphere was flat. The latest price of the enterprise: Zhongyin New Materials (Shandong) Co., Ltd. quoted 7,350 RMB/ton, Shandong Hongyang Chemical Co., Ltd. quoted 6,500 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 6,900 RMB/ton, and Jiangsu Pulesi Biotechnology Co., Ltd. quoted 7,200 RMB/ton.

Chemical Index: On August 27th, the chemical index stood at 907 points, unchanged from the previous day, a decrease of 35.21% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 51.67% 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 in the short term, the cyclohexane market is the mainly stable, with a narrow range leaning towards stronger operation.

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