Price trend:
According to data from the SunSirs' commodity market analysis system, on November 12, the ex-factory price of cyclohexanone in Shandong, China, was 6,250 RMB/ton, a decrease of 100 RMB/ton or 1.57% compared to November 1 (when the price was 6,350 RMB/ton).
In early November, the price of cyclohexanone in Shandong continued to decline
According to the commodity market analysis system of SunSirs, the cyclohexanone market in Shandong, China, showed a weak downward trend in early November (November 1-12). The market sentiment in Shandong was poor, with limited fundamental support. The focus of cyclohexanone negotiations continued to shift downwards, with a cumulative adjustment of 50-150 RMB/ton within half a month. As of November 12, the ex-factory price of cyclohexanone in Shandong was around 6,200-6,300 RMB/ton.
Influencing factors
In terms of supply side: In early November, the overall spot supply of cyclohexanone in Shandong was relatively abundant, with some pressure on the supply side to sell. The main focus was on maintaining low inventory levels and offering discounts to sell off inventory.
On the demand side: As of November 12, downstream demand for cyclohexanone was cautious, with inquiries remaining low and overall demand transmission being poor, providing insufficient support for cyclohexanone.
On the cost side: Recently, the raw material benzene market fluctuated slightly upwards, putting continued cost pressure on cyclohexanone. According to data from SunSirs, on November 11, the reference price of benzene was 5,205.33 RMB/ton, an increase of 0.64% compared to November 1 (5,172 RMB/ton).
Market outlook
As of November 12, the trading atmosphere in the Shandong cyclohexanone market was sluggish, with market participants generally adopting a wait-and-see approach. Downstream operations were cautious, and there was a lack of significant positive catalysts. According to data analysts from SunSirs, the Shandong cyclohexanone market is expected to mainly operate within a range in the short term, and further attention will be needed to monitor changes in the product's supply and demand.
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