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SunSirs: The Market Price of Cyclohexane Was Weak (January 5-12)
January 15 2024 11:13:08SunSirs(John)

Price trend

According to data monitored by SunSirs, as of January 12th, the average price of industrial grade premium cyclohexane in China was 7,000 RMB/ton, a narrow decline compared to the same period last week. This week, the price had dropped by 1.41%, and the overall market supply and demand were balanced, with manufacturers mainly offering discounts for sales.

Analysis review

This week, the market price of cyclohexane had slightly declined, with the mainstream price around 7,000 RMB/ton, a decrease 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 restocking was on demand, with weak demand and less than expected. Upstream support was lacking. Latest quotations from enterprises: Qingdao Hefeng Chemical Co., Ltd. offered a price of 6,150 RMB/ton, Shandong Hongyang Chemical Co., Ltd. offered a price of 7,200 RMB/ton, Wanda (Shanghai) International Trade Co., Ltd. offered a price of 7,300 RMB/ton, and Jiangsu Renen Environmental Protection Technology Co., Ltd. offered a price of 7,200 RMB/ton.

Chemical index: On January 11th, the chemical index was 867 points, a decrease of 4 points from the previous day, a decrease of 38.07% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.98% 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 stable and tends to be weaker.

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