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SunSirs: The Market Price of Cyclohexane Was Mainly Based on Stable Operation (March 8-15)
March 19 2024 13:55:01SunSirs(John)

Price trend

According to data monitored by SunSirs, as of March 15th, the average price of industrial grade premium cyclohexane in China was 7,033.33 RMB/ton. This week, the price of cyclohexane had remained stable, with no significant changes compared to the same period last week. As of March 15th, the support from raw material cost prices was insufficient, and there were not enough favorable factors. The cyclohexane market is mainly stable in the short term.

Analysis review

This week, the market price of cyclohexane remained stable, with the mainstream price temporarily around 7,000 RMB/ton. The support for raw material costs was insufficient, and the support for cyclohexane market costs was weak. The downstream negotiation atmosphere was cold, and the trading atmosphere was cold. As of March 15th, there were not many inquiries on the market, mainly small orders, and the cyclohexane market was slowly consuming inventory. Recent quotes from enterprises: Nanjing Runsheng Petrochemical Co., Ltd. quoted 7,400 RMB/ton, Qingdao Hefeng Chemical Co., Ltd. quoted 6,250 RMB/ton, Liaocheng Jinxinda New Materials Co., Ltd. quoted 6,350 RMB/ton, and Wuhan Hengjiu Chemical Co., Ltd. quoted 6,250 RMB/ton.

Chemical index: On March 14th, the chemical index was 860 points, unchanged 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 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 is mainly stable, with weak cost support and unclear upward momentum.

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