Price trend

According to the commodity market analysis system of SunSirs, on September 19, the ex-factory price of cyclohexanone in Shandong Province was 7,000 RMB/ton. Compared with September 1, the price was reduced by 87 RMB/ton. Compared with August 1 (the reference price of cyclohexanone was 7,262 RMB/ton), the price was reduced by 262 RMB/ton, a decrease of 3.61%.

According to the SunSirs Commodity Market Analysis System, the domestic cyclohexanone market in Shandong Province was characterized by weak consolidation in early September, with relatively quiet market news. Last week, cyclohexanone prices continued to decline, with market negotiations shifting downward, with price reductions of 50-100 RMB/ton. As of September 19th, the ex-factory price of cyclohexanone in Shandong Province was around 6,900-7,000 RMB/ton.

Fundamentals

Supply and demand: As of September 19th, the overall supply side of the cyclohexanone market had increased, and there was a certain pressure on supply. Factories were actively shipping, and downstream demand continued to be dominated by just-in-time purchases. The support given to the market by the demand side iwa limited, and the transmission between the supply and demand of cyclohexanone was loose.

Cost: As of September 19th, the benzene market on the cost side of cyclohexanone was fluctuating at a high level, cost pressure still existed, and cyclohexanone profits were under pressure. On September 18, the reference price of benzene was 6,048.67 RMB/ton, up 1.23% from September 1 (5,975.33 RMB/ton).

Market outlook

As of September 19, the trading atmosphere in the cyclohexanone market was weak, and the mentality of the industry players was average. The cyclohexanone data analysts of SunSirs predict that in the short term, the domestic cyclohexanone market will be dominated by consolidation. It is also necessary to pay more attention to the downstream market's stocking situation before the holiday and the changes in the supply and demand news.

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