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SunSirs: The Market Price of Cyclohexane Slightly Increased (September 19-26)
September 27 2023 09:37:18SunSirs(John)

Price trend

According to data monitored by SunSirs, as of September 26th, the average price of domestic industrial grade premium cyclohexane was 7,133.33 RMB/ton, which was slightly stronger than the same period last week. This week, the price increased by 1.42%, and the overall market supply and demand were balanced. As September 26th, shipments were slow.

Analysis review

The market price of cyclohexane had slightly increased this week, with the mainstream price around 7,133.33 RMB/ton, an increase of 1.42% compared to the same period last week. The quotation range of mainstream manufacturers remained around 7,000 RMB/ton. As September 26th, the operating rate was stable, downstream stocking willingness was average, and downstream demand was insufficient. The latest quotation from the enterprises: Pande (Shanghai) International Trade Co., Ltd. quoted 7,300 RMB/ton, Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 7,200 RMB/ton, Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 7,100 RMB/ton, and Wuhan Jixin Yibang Biotechnology Co., Ltd. quoted 7,100 RMB/ton.

Chemical Index: On September 25th, the chemical index stood at 964 points, a decrease of 3 points from the previous day, a decrease of 31.14% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 61.20% from the lowest point of 598 points on April 8th, 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 tends to be stronger, with narrow consolidation being the main focus.

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