Price trend

According to data monitored by SunSirs, as of August 15, the average price of domestic industrial-grade high-quality cyclohexane last week was 7,266 RMB/ton. The downstream demand for cyclohexane was weak, and there was limited room for price increases. The on-site negotiation atmosphere was acceptable, traders followed the market, and the downstream market mainly purchased on demand.

Analysis review

Market: The cyclohexane market was mainly stable last week, with limited price fluctuations, general downstream demand, cautious customer operations, and mainly purchasing based on just-in-time needs. As of August 15, there was sufficient spot supply, lack of favorable support on the supply side, stable market sentiment, and a wait-and-see attitude. As of August 15, the overall market negotiation focus was stable, factories were under no pressure to ship, and profits were still considerable. The overall market was moving upward and is expected to maintain the up trend in the short term.

On the upstream side: Upstream prices were mainly stable, with no obvious support from the cost side. The overall market had a strong wait-and-see attitude and operated cautiously. The market sentiment was positive. The downstream demand was still acceptable, and most shipments were based on cooperative orders. Shipments were smooth, the market supply was sufficient and there was no pressure. It is expected to maintain a stronger trend in the short term, and new customer orders are limited.

On the downstream side: the downstream demand was general, the market was mainly stable, the cyclohexanone plant was operating normally, the supply in Inner Mongolia decreased, and the room for growth was limited. The overall market purchasing enthusiasm was not good, and the sentiment was depressed. The cyclohexanone market in South China was consolidating, the downstream purchased on demand, and the market spot supply was stable.

Market outlook

Analysts of cyclohexane from SunSirs believe that the cyclohexane market demand was average, downstream demand was weak, upstream cost support was poor, and there was insufficient momentum for price increases. It is expected that the cyclohexane market will maintain a stable operation in the short term.

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