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SunSirs: The Market Price of Cyclohexane Narrowly Increased (December11-15)
December 18 2023 13:36:58SunSirs(John)

Price trend

According to data monitored by SunSirs, as of December 15th, the average price of industrial grade premium cyclohexane in China was 7,150 RMB/ton, with a narrow upward trend compared to the same period last week. This week, the price had increased by 0.23%, and the overall market supply and demand were balanced, with manufacturers mainly offering discounts to get orders.

Analysis review

This week, the market price of cyclohexane had slightly increased, with the mainstream price around 7,100 RMB/ton, an increase of 0.23% compared to the same period last week. The mainstream manufacturer's quotation range was maintained at around 7,000 RMB/ton, and downstream procurement was on demand. The willingness to stock up was not strong, the demand was average, and upstream support was weak. Latest quotations from enterprises: Qingdao Chengxin Hongfeng Chemical Co., Ltd. offered a price of 6,800 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. offered a price of 7,200 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. offered a price of 7,000 RMB/ton, and Liaocheng Yuanze Chemical Products Co., Ltd. offered a price of 7,900 RMB/ton.

Chemical index: On December 14th, the chemical index was 874 points, unchanged from the previous day, a decrease of 37.57% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.15% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs' cyclohexane analyst believes that in the short term, the cyclohexane market is mainly stable and the price fluctuation range is limited.

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