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SunSirs: The Cyclohexane Market Prices Was Mainly Stable (March 1-8)
March 11 2024 15:05:06SunSirs(John)

Price trend  

According to data monitored by SunSirs, as of March 8th, the average price of industrial grade premium cyclohexane in China was 7,066.67 RMB/ton, which was mainly stable compared to the same period last week. This week, cyclohexane prices had remained stable. As of March 8th, the support from raw material cost side prices was limited, and favorable factors were insufficient. The cyclohexane market was mainly stable in the short term.

Analysis review

This week, the market price of cyclohexane had remained stable, with limited price fluctuations compared to the same period last week. of March 8th, the mainstream price was around 7,000 RMB/ton. In terms of raw materials, the price trend of pure benzene was stable, and the cost support for the cyclohexane market was weak. The downstream market had a general negotiation atmosphere, and the trading atmosphere was cold. As of March 8th, there were not many inquiries on the market, mainly small orders. As of March 8th, the inventory of cyclohexane market was slightly high, and consumption was slow. Latest quotations from enterprises: Nanjing Runsheng Petrochemical Co., Ltd. offered a price of 7,400 RMB/ton, Jinan Dezheng Chemical Co., Ltd. offered a price of 6,250 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. offers a price of 7000 RMB/ton, and Shandong Fuze Import and Export Co., Ltd. offers a price of 6750 RMB/ton.

Chemical index: On March 7th, the chemical index was 860 points, a decrease of 2 points from the previous day, a decrease of 38.57% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 43.81% 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 stable, with weak upstream cost support and unclear price upward momentum.

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