Price trend

According to data monitored by SunSirs, as of February 26, the average price of domestic industrial-grade premium cyclohexane was 6,900 RMB/ton. The market supply and demand have been relatively balanced recently, and the price fluctuation range has been small. It is expected to consolidate narrowly in the short term.

Market analysis

Market Overview: Recently, benzene prices have been weak, with limited cost support, putting downward pressure on cyclohexane prices. However, a future rebound in crude oil prices or a tightening of benzene supply could lead to cost-push price increases.

Upstream benzene: Supply was ample, with sufficient domestic benzene supply and port inventory accumulating rapidly. As of December 1, Jiangsu port inventory reached 224,000 tons, up 36.59% month-on-month. Currently, downstream demand is weak, the overall operating rate is declining, and major products such as styrene and caprolactam are operating at a loss, resulting in weak purchasing intentions.

On the supply side: Domestic cyclohexane production capacity is concentrated, with large enterprises dominating the market. Currently, factories in Shandong, Hebei, Anhui and other regions are mostly maintaining small-scale shipments, resulting in limited spot supply.

On the demand side: Downstream applications include solvents, resins, coatings, and the synthesis of cyclohexanol and cyclohexanone. Current demand is mainly based on on-demand purchasing and is generally weak. Export markets are primarily Southeast Asian countries such as South Korea and Vietnam.

Market Forecast

According to analysts at SunSirs, the cyclohexane market is expected to remain stable to slightly weaker in the short term, with prices remaining relatively stable.

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