Price trend

According to data monitored by SunSirs, as of October 27, the average price of domestic industrial-grade high-quality cyclohexane was 7,166 RMB/ton, and the price remained stable compared with the same period last month. The overall market sentiment of cyclohexane showed a cautious wait-and-see attitude, and the momentum for price increases was insufficient.

Analysis review

Market: As of October 27, the overall operation of the cyclohexane market was stable, and the focus of negotiations was stable. Some companies stopped production due to equipment reasons and were not quoting for the time being. The overall market lacked upward momentum, and downstream purchases were on demand, and demand was insufficient. Export: As of October 27, it was mainly exported to South Korea, Vietnam and other places. Compared with last month, the export volume had decreased..

Capacity distribution: Global cyclohexane production capacity was concentrated in Northeast Asia (especially China). The main production method was benzene hydrogenation (accounting for over 80%). Domestically, the atmospheric pressure liquid phase hydrogenation method was used, with a conversion rate of up to 99.9%.

On the demand side: about 80% of cyclohexane was used to produce caprolactam (As of October 27, the operating rate was about 85%), and the rest was used in synthetic fibers, coatings and other fields. As of October 27, downstream demand was weak, and online purchases were mainly based on basic needs. The operating rates of industries such as synthetic fibers and plastics had not increased significantly, and export orders were limited.

Market outlook

Analysts of cyclohexane from SunSirs believe that in the short term, the cyclohexane market will mainly consolidate in a narrow range, with prices remaining stable.

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