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SunSirs: In January, the Cyclohexane Market Operated Narrowly Weaker
February 04 2024 10:57:18SunSirs(John)

Price trend

According to data monitored by SunSirs, as of January 31st, the average price of industrial grade premium cyclohexane in China was 7,000 RMB/ton. In January, the cyclohexane market saw a narrow decline, with a decrease of 1.64%, around 100 RMB/ton. As of January 31st, the overall market supply and demand were balanced, and the market negotiation atmosphere was average.

Analysis review

In January, the market price of cyclohexane slightly declined, with mainstream prices around 7,000 RMB/ton. The overall price of cyclohexane in January fell by 1.64%, and mainstream manufacturers maintained a price range of 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: Jiangsu Runfeng Synthetic Technology Co., Ltd. offered a price of 7,400 RMB/ton, Nantong Runfeng Petrochemical Co., Ltd. offered a price of 6,800 RMB/ton, and Liaocheng Yuanze Chemical Products Co., Ltd. offered a price of 7,500 RMB/ton.

Chemical index: On February 1st, the chemical index was 866 points, a decrease of 1 point from the previous day, a decrease of 38.14% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.82% 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 mainly stronger, with price fluctuations around 7,100-7,300 RMB/ton.

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