Price Trends

Following the return from the May holiday, market prices for cyclohexanone in the Shandong region have exhibited a weak, downward trend. Starting May 8—the first trading day after the holiday—cyclohexanone prices in Shandong fell for three consecutive trading days, recording a cumulative decline of 200 RMB/ton. This represents a drop of 2.05%, with the downward momentum showing signs of acceleration. As of May 11, reference market prices for cyclohexanone in Shandong hovered in the range of 9,500 to 9,550 RMB/ton.

Analysis of Key Influencing Factors

Cost Side: Upstream raw material—benzene—has failed to provide strong support for cyclohexanone; consequently, the cost side's role in underpinning cyclohexanone prices has weakened.

Supply and Demand: Currently, downstream demand for cyclohexanone remains generally weak, and factory purchasing enthusiasm is low. Compounded by price cuts implemented by several major producers, these factors are exerting bearish pressure on the spot market.

Market Sentiment: In recent days, the continuous decline in cyclohexanone prices has disrupted the previous period of market equilibrium. Bearish sentiment has intensified, and market participants have shown an increased willingness to offload inventory, thereby driving transaction prices even lower.

Market Outlook:

Currently, the overall trading atmosphere within the cyclohexanone market remains subdued, and supply-demand dynamics appear loose. In the short term, market trends are expected to be characterized primarily by weak consolidation. Specifically, close attention should be paid to operating rates and procurement demand in downstream industries, as well as price fluctuations in upstream raw materials and the maintenance schedules of manufacturing enterprises.

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