Price trend
According to the Commodity Market Analysis System of SunSirs, on February 14th, the reference price for cyclohexanone market in Shandong Province was 9,200 RMB/ton. Compared with the reference price of 9,062 RMB/ton on February 9th, the price has increased by 138 RMB/ton, an increase of 1.52%.
Analysis review
From the Commodity Market Analysis System of SunSirs, it can be seen that this week, the overall market situation of cyclohexanone in Shandong Province, China, has been stable and rising. During the week, the overall focus of the cyclohexanone market shifted upwards, with low prices gradually decreasing and the gap between high and low prices narrowing. As of February 14th, the reference price for cyclohexanone market in Shandong Province was around 9,150-9,350 RMB/ton.
In terms of supply and demand: After the holiday, the cyclohexanone market in Shandong Province was gradually recovering and operating. As entering this week, the market situation continued to be positive, with some equipment undergoing maintenance and overall supply being tight in the market. The pressure on the supply side was relatively small, and spot inventory was available. Downstream solvent and chemical fiber markets purchased on demand, with good transmission between supply and demand.
Cost wise: This week, the cost side raw material benzene has risen, providing stable cost support for cyclohexanone. On February 13th, the reference price of benzene was 7,801.33 RMB/ton, an increase of 3.29% compared to February 1st (7,553.00 RMB/ton).
Market outlook
As of February 14th, the trading atmosphere in the cyclohexanone market was mild, and the mentality of the industry was good. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market in Shandong will mainly be stable with small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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