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SunSirs: The Cyclohexane Market Mainly Declined Slightly in November
November 30 2023 14:59:23SunSirs(John)

Price trend

According to data monitored by SunSirs, as of November 29th, the average price of industrial grade premium cyclohexane in China was 7,433.33 RMB/ton. The cyclohexane market experienced a narrow decline in November, with an overall decline of 1.76%, around 100 RMB/ton. As of November 29th, the overall market supply and demand were balanced, and the market negotiation atmosphere was average.

Analysis review

In November, the market price of cyclohexane slightly declined, with the mainstream price around 7,500 RMB/ton. The overall price of cyclohexane in November fell by 1.76%, and the mainstream manufacturer's quotation range remained around 7,500 RMB/ton. Downstream purchases were made on demand, and the willingness to stock up was average. Upstream cost support was weak. Latest quotations from enterprises: Qingdao Fengyi Chemical New Materials Co., Ltd. offered a price of 6,900 RMB/ton, Jiangsu Renen Environmental Protection Technology Co., Ltd. offered a price of 7,100 RMB/ton, Liaocheng Jinxinda New Materials Co., Ltd. offered a price of 6,800 RMB/ton, and Wuhan Hengjiu Chemical Co., Ltd. offered a price of 6,920 RMB/ton.

Chemical index: On November 28th, the chemical index was 870 points, unchanged from the previous day, a decrease of 37.86% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 45.48% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs's cyclohexane analyst believes that in the short term, the cyclohexane market will operate to be weaker with a narrow range, and the mainstream price will remain around 7,500 RMB/ton.

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