Price trend

According to data monitored by SunSirs, as of July 18th, the average price of industrial grade high-quality cyclohexane in China was 7,233 RMB/ton, a decrease of 1.36% compared to the same period last week’s previous week. The cyclohexane market remained stable, with no significant changes and a slight decline in price. As of July 18th, downstream demand was insufficient, and the driving force for price increases was weak. The replenishment was mainly on demadn, and the spot market supply was sufficient. In the short term, supply-demand balance was the main operation.

Analysis review

As of July 18th, the focus of negotiations in the domestic cyclohexane market was running steadily, and downstream purchasing willingness was average. Downstream replenishment was mainly based on demand, and the negotiation atmosphere was not positive. As of July 18th, cyclohexane inventory pressure still existed, inventory was running at a high level, spot supply was sufficient, market consumption was slow, and contract customers mainly purchased on demand. Downstream procurement lacked enthusiasm, and the overall cyclohexane market was under pressure. As of July 18th, the mainstream transaction price was concentrated at around 7,400 RMB/ton, and the cyclohexane market price was weak this week.

Upstream: As of July 18th, the benzene market experienced sluggish transactions, with prices fluctuating between 5,750-5,850 RMB/ton during the cycle. Low/high-end prices had fallen by 20/60 RMB/ton compared to the previous cycle. In the previous cycle, Shandong's benzene had good transactions for five consecutive days, and downstream inventories had been established. This cycle, benzene in East China market had weakened, and downstream Shandong had actively suppressed prices. Local refining shipments encountered difficulties for several consecutive days, with transaction volumes hovering at low levels of 100-1500 tons. Due to shipment obstacles, local refining inventories had been affected, and prices continued to decline. After that, low-end transactions improved to some extent, and it is expected that weekend transactions may turn warm up.

Downstream: As of July 18th, the cyclohexanone production in the South China market was consolidated. Downstream purchases were made according to demand, and the supply of spot goods in the market was stable. The production capacity of Shandong Hualu Hengsheng cyclohexanone plant was 520,000 tons, mainly used for caprolactam, with a small export price of 7,100 RMB/ton. As of July 18th, the cyclohexanone market was mainly stable.

Future outlook:

The cyclohexane analyst from SunSirs believes that the downstream demand for cyclohexane was generally moderate, with on-demand procurement being the main focus. It is expected that the cyclohexane market will remain stable in the short term.

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