Price trend

According to the Commodity Market Analysis System of SunSirs, on May 21st, the reference price for cyclohexanone market in Shandong Province was 7,500 RMB/ton. Compared with May 16th (reference price for cyclohexanone market was 7,575 RMB/ton), the price decreased by 75 RMB/ton, a decrease of 0.99%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that this week, the cyclohexanone market in Shandong Province, China, was weakly declining. During the week, some cyclohexanone factories in Shandong province lowered the price of cyclohexanone by 100 RMB/ton. The price adjustment by major factories had led to a downward shift in the overall negotiation focus of the market. As of May 21st, the cyclohexanone market price in Shandong province was around 7,450-7,550 RMB/ton.

Analysis of Market Factors

In terms of supply and demand: As of May 21st, there was little change in the supply side of the cyclohexanone market, and the supply side was mainly stable. However, downstream demand was cautious, and demand follow-up was slow, with limited market support from the demand side.

Upstream: As of May 21st, the market for benzene on the raw material side was weak and stable, which had loosened the cost support for cyclohexanone compared to the previous period. As of May 21st, the reference price for benzene was 5,985.33 RMB/ton.

Market outlook

As of May 21st, the overall trading atmosphere in the cyclohexanone market was relatively weak. The cyclohexanone market saw some upward adjustments in the early stage, and downstream companies were still following the market conservatively. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly undergo narrow adjustments, and specific changes in supply and demand information need to be closely monitored.

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