SunSirs: Cyclohexane Market Was Stable and Stronger (April 14-21)
April 24 2023 10:37:15 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of April 21, the average price of domestic industrial grade premium cyclohexane was 7,416 RMB/ton. The price trend of cyclohexane had slightly increased this week, with a 1.14% increase compared to the same period last week. The overall market supply and demand were balanced, and the focus of negotiations was stable.
Analysis review
This week, the average price of domestic industrial grade premium cyclohexane was 7,400 RMB/ton. As of the 21st, the range of quotations from mainstream manufacturers remained around 7,400 RMB/ton. The overall market shipments were normal, logistics were smooth, and downstream purchases were mainly in needed. Manufacturers made profit-cutting for sales. The latest price of the enterprise: Shandong Lifuda Fine Chemical Co., Ltd. 7,350 RMB/ton, Shandong Longshun Chemical Co., Ltd. 8,340 RMB/ton, Liaocheng Yuze Chemical Products Co., Ltd. 7,300 RMB/ton, Yangzhou Lihong Daily Chemical Technology Co., Ltd. 7,100 RMB/ton.
Chemical index: On April 20, the chemical index was 908 points, a decrease of 1 point from the previous day, a decrease of 35.14% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 51.84% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Analysis review
Cyclohexane analysts from SunSirs believe that the market price of cyclohexane is stable and stronger in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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