Price trend

According to data from the SunSirs' commodity market analysis system, on November 20, the ex-factory price of cyclohexanone in Shandong, China, was 6,312 RMB/ton, an increase of 150 RMB/ton or a decrease of 1.81% compared to November 15 (when the price was 6,200 RMB/ton).

The Shandong cyclohexanone market saw an increase this week

According to the commodity market analysis system of SunSirs, the cyclohexanone market in Shandong, China, showed a steady upward trend this week (November 15-20). Market sentiment was relatively positive, with the focus of negotiations shifting upwards. As of November 20, the ex-factory price of cyclohexanone in Shandong was around 6,300-6,350 RMB/ton.

Market Factors Analysis

Supply Side: This week, the supply of cyclohexanone in surrounding areas decreased, easing the overall supply pressure. Some sellers were reluctant to sell at lower prices, and a reluctance to sell in anticipation of price increases gradually emerged, leading to an overall recovery in the market.

On the demand side: Overall demand for cyclohexanone was acceptable during the week, primarily driven by immediate needs.

On the cost side: While the benzene market experienced fluctuating downwards, this still exerted some cost pressure on cyclohexanone.

Market outlook

As of November 20, the trading atmosphere in the Shandong cyclohexanone market was mild, market sentiment had improved, and low prices had decreased. According to data analysts from SunSirs, the Shandong cyclohexanone market will mainly consolidate in the short term, and further attention will be needed to monitor changes in the supply and demand of the product.

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