Price trend

According to data monitored by SunSirs, as of October 30, the average price of domestic industrial-grade premium cyclohexane was 7,000 RMB/ton. The price was weaker than the same period last month, with a slight decline of 2.78% compared to the same period last month.

Analysis review

Market Overview: In October, the cyclohexane market saw a narrow and slightly weaker trading range, with prices declining slightly. Some companies temporarily suspended quotations due to plant shutdowns, resulting in insufficient upward momentum in the overall market. Downstream demand was met with on-demand purchasing, and exports decreased, mainly to South Korea and Vietnam. Overall market sentiment was cautious and wait-and-see.

Upstream benzene: The benzene market price continued to decline in October, mainly due to weak supply and demand, low crude oil prices, and sluggish downstream demand. Sinopec lowered its listed price: On October 29, Sinopec's East China and South China refineries set the benzene price at 7,150 RMB/ton, a decrease of 900 RMB/ton compared to the previous month; refineries in northern regions such as Qilu and Qingdao also lowered their prices to 7,050 RMB/ton. With the decline in cost prices, the positive impact of cyclohexane was lacking.

On the demand side: the demand for cyclohexane continued to grow in traditional industries such as synthetic fibers, coatings and resins. The expansion into emerging fields: the rise of industries such as new energy vehicles, environmentally friendly coatings and high-performance materials had further boosted the demand for high-performance chemical raw materials (including cyclohexane). The global economic recovery and the acceleration of industrialization had driven a significant increase in the industrial demand for cyclohexane.

Market outlook

According to analysts at SunSirs, the cyclohexane market is expected to consolidate narrowly in the short term, with prices holding steady. With the expansion of downstream applications and the rapid development of emerging industries, demand for cyclohexane is expected to maintain stable growth.

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