Price trend

According to data monitored by SunSirs, as of July 25th, the average price of domestic industrial grade high-quality cyclohexane was 7,266 RMB/ton. This week, the price of cyclohexane has risen narrowly, up 0.46% compared to the same period last week. As of July 25th, cyclohexane holders had firm quotes, and the atmosphere of on-site negotiations was still acceptable. The trading market followed the market trend, with downstream markets mainly purchasing according to demand.

Analysis review

In terms of market:As of July 25th, the focus of negotiations in the domestic cyclohexane market was stable, and the operation of the equipment was normal with sufficient spot supply. Downstream essential procurement was the main focus, and the positive support from the supply side was not obvious. The mentality in the market was stable, and the operation was cautious with a wait-and-see attitude. The overall market negotiation focus was stable, with no pressure on factory shipments and considerable profits. The overall market was moving upwards.

Upstream: This week, the price of benzene in Shandong was around 5,800-5900 RMB/ton, with a stable to stronger trend. The market negotiations were focused on a high level, and the market mentality was positive. The overall price had increased more than decreased. As of July 25th, downstream demand was still acceptable, shipments were smooth, and the market supply was sufficient without pressure. It is expected to maintain a stronger trend in the short term, with limited price fluctuations.

Downstream: The downstream cyclohexanone market was operating steadily, with normal production of equipment. Supply in Inner Mongolia decreased, and there was limited room for growth. The domestic cyclohexanone price reference was around 7,400 RMB/ton. The overall market purchasing enthusiasm was not good, and the sentiment was low. It is expected to maintain the current trend in the short term.

Future outlook:

The cyclohexane analyst from SunSirs believes that the demand for cyclohexane in the market was average, and there was a lack of upstream support. It is expected that the cyclohexane market will remain stable in the short term.

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