Price trend

According to the commodity market analysis system of SunSirs, on August 27, the ex-factory price of cyclohexanone in Shandong Province was 7,087 RMB/ton. Compared with August 1 (the reference price of cyclohexanone was 7,262 RMB/ton), the price dropped by 175 RMB/ton, a decrease of 2.41%.

Analysis review

According to the SunSirs Commodity Market Analysis System, the overall cyclohexanone market in Shandong Province showed a weak and downward trend in August. Throughout the month, the Shandong cyclohexanone market center moved downward amidst consolidation, with market negotiation focus gradually declining. As of August 27, the reference price of cyclohexanone in Shandong Province was around 7,050-7,150 RMB/ton.

Factors Influencing the Market

Supply and Demand: In August, the overall spot supply of cyclohexanone in Shandong Province remained largely stable, with suppliers performing relatively steadily. Downstream demand was weak, with downstream stockpiling and purchasing cautiously. The slow transmission between supply and demand led to weak overall support for the cyclohexanone market.

Cost: In August, the market for benzene, a cost-effective raw material, experienced volatile adjustments, providing reasonable cost support for cyclohexanone. On August 26, the reference price of benzene was 6,155.33 RMB/ton, a 1.32% increase from 6,075.33 RMB/ton on August 1.

Market outlook

As of August 27, the trading atmosphere in the cyclohexanone market was mild and the mentality of the industry players was average. The cyclohexanone data analyst of SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly adjust in a narrow range, and more attention should be paid to the changes in the news on the supply and demand sides.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.