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SunSirs: The cyclohexane market saw a narrow decline in December
January 02 2024 13:42:43SunSirs(John)

Price trend

According to data monitored by SunSirs, as of December 29th, the average price of industrial grade premium cyclohexane in China was 7,116.67 RMB/ton. In December, the cyclohexane market experienced a narrow decline of 2.73%, with a decrease of around 200 RMB/ton. As of December 29th, the overall market supply and demand were balanced, and the market negotiation atmosphere was average.

Analysis review

In December, the market price of cyclohexane slightly declined, with the mainstream price around 7,000 RMB/ton. The overall price of cyclohexane in December fell by 2.73%, and the range of quotes from mainstream manufacturers remained around 7,000 RMB/ton. The upstream cost support was insufficient, downstream demand was limited, and on-demand procurement was the main focus. The overall market transaction atmosphere was cold. Latest quotations from enterprises: Qingdao Hefeng Chemical Co., Ltd. offered a price of 6,150 RMB/ton, Shandong Zhenkun New Materials Co., Ltd. offered a price of 7,350 RMB/ton, Shandong Yushuo Chemical Co., Ltd. offered a price of 6,500 RMB/ton, and Zhongyin New Materials (Shandong) Co., Ltd. offered a price of 6,350 RMB/ton.

Chemical index: On December 28th, the chemical index was 879 points, unchanged from the previous day, a decrease of 37.21% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.99% from the lowest point of 598 points on April 8th, 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 narrowly weaker, with price fluctuations ranging from 7,000 to 7,100 RMB/ton.

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