Price trend

According to data monitored by SunSirs, as of August 25, the average price of domestic industrial-grade high-quality cyclohexane was 7,266 RMB/ton. The cost side had limited support, the downstream demand for cyclohexane was weak, and there was insufficient room for price increases. Traders were cautious in their operations and had no obvious willingness to stockpile goods.

Analysis review

Market: As of August 25, the cyclohexane market was mainly stable, downstream operations were cautious, cost support was poor, downstream willingness to stock up was not strong, customers were cautious in operations, and downstream purchases were mainly based on just-in-time needs. As of August 25, the spot supply was sufficient, shipments were slow, the market mentality was stable, and a wait-and-see attitude still existed. As of August 25, the overall market negotiation focus was stable, factories had no pressure to ship, profits were still considerable, the overall market was moving upward, and it is expected to maintain the 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 cautious operations. The overall market shipments were smooth, downstream shipments ere normal, logistics were smooth, and shipments were mainly based on cooperative orders. The number of new orders was limited, and the market supply was sufficient and pressure-free. It is expected to maintain a stronger trend in the short term, and new customer orders were 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 had 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 as of August 25, 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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