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SunSirs: The Market Price of Cyclohexane Was Stronger with a Narrow Range (February 22-29)
March 01 2024 14:24:01SunSirs(John)

Price trend

According to data monitored by SunSirs, as of February 29th, the average price of industrial grade premium cyclohexane in China was 7,050 RMB/ton. Compared to the same period last week, the price of cyclohexane was mainly upward, with an increase of 0.71% this week. The trend of raw materials was improving, and there as some support frok the cost of cyclohexane. As of February 29th, manufacturers mainly offered discounts for sales.

Analysis review

The market price of cyclohexane had slightly increased this week, with a 0.71% increase compared to the same period last week. As of February 29th, the mainstream price was around 7,000 RMB/ton. In terms of raw materials, the price of pure benzene was showing a positive trend, with a strong trend. The cyclohexane market was operating steadily, and the downstream market had a good negotiation atmosphere and trading atmosphere. As of February 29th, there were many inquiries on the market, and the trading volume was considerable. Latest quotations from enterprises: Wuhan Hengjiu Chemical Co., Ltd. offered a price of 6,250 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. offered a price of 7,500 RMB/ton, Qingdao Hefeng Chemical Co., Ltd. offered a price of 6,250 RMB/ton, and Liaocheng Jinxinda New Materials Co., Ltd. offered a price of 6,350 RMB/ton.

Chemical index: On February 28, the chemical index was 869 points, a decrease of 1 point from the previous day, a decrease of 37.93% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 45.32% 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 tends to be stronger and will continue to monitor upstream trends.

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