Price trend

According to data monitored by SunSirs, as of November 25, the average price of domestic industrial-grade premium cyclohexane was 7,000 RMB/ton. On November 25, the cyclohexane market was mainly stable, with stable market negotiations and overall supply and demand in balance.

Market Analysis

Market Overview: The cyclohexane market was temporarily stable, but downstream demand was insufficient and consumption was slow. Downstream buyers were mainly purchasing on an as-needed basis, and their willingness to purchase was not strong. The market was clearly in a state of oversupply, which was difficult to alleviate. The overall market was under pressure, and prices are expected to maintain their current trend in the short term.

Upstream benzene: Upstream benzene costs were insufficient to support the market, which was mainly operating steadily. Market shipments were slow, inventory levels were high, and there was insufficient momentum for price increases. Downstream styrene production was declining, resulting in insufficient demand.

On the demand side: The downstream demand for cyclohexane was not optimistic. Overall market shipments were slow and there was insufficient upward momentum. Downstream industries such as synthetic fibers and coatings had insufficient demand. Traditional sectors were cautious in their procurement, while demand in emerging sectors was slowly being released.

Market Forecast:

According to analysts at SunSirs, the cyclohexane market is expected to maintain its stable trend in the short term, with downstream operations remaining cautious and adopting a wait-and-see attitude.

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