Price trend

According to the Commodity Market Analysis System of SunSirs, on May 8th, the reference market price of cyclohexanone in Shandong Province, China was 7,137 RMB/ton. Compared with April 30th (reference market price of cyclohexanone was 7,637 RMB/ton), the price decreased by 500 RMB/ton, a decrease of 6.55%.

From the commodity market analysis system of SunSirs, it can be seen that after the May Labor Day, the overall cyclohexanone market in Shandong Province, China, showed a downward trend. After the holiday, the trading of cyclohexanone in the market was light, and the market focus continued to adjust downwards. As of May 8th, the cyclohexanone market price in Shandong region is around 7,100-7200 RMB/ton.

Market influencing factors

In terms of supply and demand: In the post holiday period, the supply side of the cyclohexanone market in Shandong has shown abundant performance, with some factories under pressure. Downstream demand has shown cautious performance, with overall weak demand and loose supply and demand transmission, providing insufficient market support.

In terms of cost: After the holiday, the raw material benzene market fluctuated and fell, providing weaker support for cyclohexanone. As of May 7th, the reference price of benzene was 5,402 RMB/ton, a decrease of 5.37% compared to May 1st (5,708.67 RMB/ton).

Market analysis in the future

At present, the trading atmosphere in the cyclohexanone market is relatively weak, and the transmission of supply and demand is slow. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market price will mainly be weaker, and the specific trend still needs to pay more attention to the changes in supply and demand news.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.