Price trend

According to data monitored by SunSirs, as of December 29th, the average price of industrial-grade premium cyclohexane in China was 6,900 RMB/ton. As of December 29th, the supply of cyclohexane was abundant, inventory levels were high, and downstream demand was insufficient, resulting in an overall balanced supply and demand in the market.

Market Analysis

Market Overview: As of December 29th, the overall market supply was sufficient, with ample domestic cyclohexane supply and high inventory levels. Downstream demand was limited, resulting in a balanced supply and demand situation overall, lacking upward momentum. Weak downstream demand and insufficient purchasing activity contributed to an overall oversupply in the market, leading to a downward trend in prices. There was a lack of strong support for price increases.

Upstream benzene: Supply was ample, with sufficient domestic benzene supply and rapid accumulation of port inventories. On December 1st, inventory at Jiangsu ports reached 224,000 tons, a 36.59% increase compared to the previous month. As of December 29th, downstream demand was weak, overall operating rates had decreased, and major products such as styrene and caprolactam were experiencing losses, resulting in weak purchasing interest.

Demand side: Overall demand for cyclohexane in December was weak, with the market primarily driven by essential purchases. Operating rates in downstream industries such as synthetic fibers and coatings did not show significant improvement, and export orders were limited.

Market Outlook:

According to SunSirs' cyclohexane analyst, the overall supply and demand in the cyclohexane market were balanced, but inventory levels were high, and purchasing activity from the demand side was weak. Prices were showing a downward trend from their previous highs. In the short term, the cyclohexane market is expected to remain stable but slightly weaker, as there is still a lack of strong support from the demand side.

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