Price trend:

According to data monitored by SunSirs, as of November 28, the average price of domestic industrial-grade premium cyclohexane was 6,900 RMB/ton. In November, the cyclohexane market was mainly operating with a narrow weaker trend, with prices declining slightly by 1.43%. The mainstream market negotiation focus was stable, supply and demand were balanced, and insufficient downstream demand led to a lack of upward momentum in prices.

Market Analysis

Market Overview: In November, the cyclohexane market saw a narrow and slightly weaker trading range. Downstream demand was insufficient, and the overall market trading range remained low. Inventory depletion was slow, and there was little willingness to stockpile. Procurement was mainly based on immediate needs, and market participants were cautious with a strong wait-and-see attitude.

Upstream benzene: In November, the upstream benzene market remained stable with limited price fluctuations. The negotiated price was around 7,400 RMB/ton. However, high port inventories and ample supply led to insufficient upward pressure on prices. With high inventories and international crude oil prices trending slightly weaker, benzene lacked strong cost support.

On the demand side: In traditional sectors, demand for synthetic fibers, coatings and other industries was weak, procurement was cautious and consumption was slow. In emerging sectors, demand for new energy materials and environmentally friendly plasticizers (such as DEHCH) was gradually being released, but the growth rate was slow.

Market outlook

According to analysts at SunSirs, the cyclohexane market is expected to consolidate within a narrow range in the short term. As of November 28, the supply and demand of cyclohexane were in balance, and prices will maintain the trend of consolidations.

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