Price trend

According to the commodity market analysis system of SunSirs, on October 16, the ex-factory price of cyclohexanone in Shandong Province was 6,650 RMB/ton. Compared with October 9 (the reference price of cyclohexanone was 6,900 RMB/ton), the price dropped by 250 RMB/ton, a drop of 3.62%.

This week, Shandong cyclohexanone market center fell and the market was weak

According to the SunSirs commodity market analysis system, the cyclohexanone market in Shandong Province showed an overall weakening downward trend this week. Negotiations in the Shandong cyclohexanone market continued to trend lower throughout the week, with factories and suppliers lowering their shipping prices by around 50-150 RMB/ton. As of October 16, the reference price for cyclohexanone in Shandong Province was around 6,600-6,650 RMB/ton.

Analysis of market influencing factors

Supply and demand: As of October 16, the overall spot supply of cyclohexanone market was sufficient, the supply side was under pressure, downstream demand was slow to follow up, supply and demand transmission was poor, and the supply and demand side provided insufficient support to the market.

Cost side: The benzene market has been declining recently, weakening the cost support for cyclohexanone. As of October 15th, data from SunSirs showed the reference price of benzene at 5,542 RMB/ton, down 5.24% from 5,848.67 RMB/ton on October 1st.

Market outlook

As of October 16, the overall trading atmosphere in the cyclohexanone market was mild, and downstream users were cautious in purchasing at low prices. The transmission performance between supply and demand was still relatively loose. The cyclohexanone data analyst of SunSirs predicts that in the short term, the Shandong cyclohexanone market will mainly operate in a weaker mode, and more attention should be paid to the changes in the news on the supply and demand sides.

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