Price trend
According to the business data analysis system of SunSirs, on January 14, 2025, the ex-factory price of cyclohexanone in Shandong, China, was approximately 6,350 RMB/ton, which remained basically unchanged compared to January 1st. Compared to December 1st (when the reference price of cyclohexanone was 6,387 RMB/ton), the price decreased by 37 RMB/ton, a drop of 0.59%.
In early January, the cyclohexanone market in Shandong province exhibited a volatile trend of "initial stability, followed by a decline, and then a rebound."
According to the commodity price analysis system of SunSirs, in early January, the cyclohexanone market in Shandong remained stable, with little price fluctuation and overall sideways consolidation. The overall price elasticity of the market was limited. On January 9th, the price of cyclohexanone in Shandong adjusted slightly downwards, falling to around 6,300 RMB/ton. The market then continued to consolidate. On January 14th, supported by cost factors, the cyclohexanone market rebounded, with prices returning to early January levels. As of January 14th, the reference price for cyclohexanone in the Shandong market was around 6,350-6,400 RMB/ton.
Analysis of key influencing factors
Cost side: At the beginning of the month, the price of raw material benzene fluctuated within a narrow range, providing relatively stable cost support for cyclohexanone. Subsequently, the benzene market experienced a slight decline due to fluctuations in crude oil prices and weak downstream demand, weakening the cost support for cyclohexanone production. Companies passively lowered their prices to ensure sales volume. Later, the benzene market rebounded due to the rebound in crude oil prices and manufacturers' efforts to maintain prices, restoring the cost support for cyclohexanone production, and companies subsequently raised their prices.
Supply and demand: In early January, the cyclohexanone market saw generally stable supply. During the period of price decreases, downstream demand improved as buyers replenished stocks at lower prices. After the cyclohexanone price correction, market demand remained weakly stable.
Market Outlook
As of January 14, the trading atmosphere for cyclohexanone was light and subdued, and downstream buyers had not yet fully begun their pre-holiday stockpiling. Overall supply and demand dynamics in the market were weak but stable. According to data analysts at SunSirs, the cyclohexanone market in the Shandong region is expected to fluctuate within a range in the short term, and further developments will depend on changes in supply and demand.
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