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SunSirs: The Market Price of Cyclohexane Was Mainly Stable (January 15-19)
January 23 2024 14:32:19SunSirs(John)

Price trend

According to data monitored by SunSirs, as of January 19th, the average price of industrial grade premium cyclohexane in China was 7,000 RMB/ton, which was stable compared to the same period last week. This week, the price remained stable, 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 remained stable, with mainstream prices around 7,000 RMB/ton. Compared to the same period last week, prices had remained stable, with mainstream manufacturers maintaining a range of quotes of around 7,000 RMB/ton. Downstream restocking was on demand, and demand was weak 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 Lenen Environmental Protection Technology Co., Ltd. offered a price of 7,200 RMB/ton.

Chemical index: On January 18th, the chemical index was 864 points, unchanged from the previous day, a decrease of 38.29% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.48% 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 will mainly operate steadily.

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