Price trend

According to data monitored by SunSirs, as of October 17, the average price of domestic industrial-grade high-quality cyclohexane was 7,166 RMB/ton, down 0.46% from the same period last month. The overall sentiment in the cyclohexane market showed a cautious wait-and-see attitude, with a clear game between supply and demand.

Analysis review

Market: Affected by the fluctuation of upstream benzene prices and weak downstream demand, traders and end users were not very enthusiastic about purchasing, and they mostly replenished stocks on demand. Downstream companies were mainly on the sidelines, and some companies were waiting for the signal of demand recovery in the fourth quarter and had temporarily postponed large-scale stocking.

Supply and demand: Supply side: The equipment was operating normally, the spot supply was sufficient, the overall market shipments were slow, and the inventory pressure was high. Demand side: Downstream purchases were mainly based on just-in-time needs, the cyclohexanone market was operating weakly, further suppressing the demand for cyclohexane. The cyclohexanone market was mainly operating in a narrow range, and downstream purchases were mainly based on just-in-time needs, and the willingness to purchase was not strong.

On the upstream side: The price of benzene fell slightly recently, but was still at a relatively high level. The profits of cyclohexane production companies were under pressure, and they were willing to maintain prices.

On the demand side: the operating rate of the nylon 6 chip industry was about 75%-80%, the demand for cyclohexane was stable but not increasing, and the adipic acid sector was affected by the reduction in export orders, the pace of procurement had slowed down, and the supply was stable: the load rate of major domestic production facilities (such as Sinopec, Luxi Chemical, etc.) remained at 80%-85%, the market supply was sufficient, and there was no expectation of supply shortage.

Market outlook

Analysts at SunSirs believe that the cyclohexane market may remain stable in the short term and maintain its current trend, while inventory pressure and weak demand may suppress price rebound.

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