SunSirs: The Cyclohexane Market Declined Narrowly (May 12-19)
May 22 2023 10:14:06 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of May 19th, the average price of domestic industrial grade premium cyclohexane was 7,066.67 RMB/ton. This week, the price of cyclohexane declined narrowly, with a decrease of 3.64% compared to the same period last week. The overall market was stable and weaker, and the focus of negotiations was weaker.
Analysis review
This week, the average price of domestic industrial grade premium product cyclohexane was around 7,066.67 RMB/ton. The overall market negotiation focus was weak, logistics was smooth, and downstream procurement was mainly just in needed. The willingness to stock up was not good, and the manufacturer was willing to give up profits for sales. The latest price of the enterprises: Jinan Hengtong Chemical Co., Ltd. 6,650 RMB/ton, Shandong Hongyang Chemical Co., Ltd. 6,700 RMB/ton, Aite (Shandong) New Materials Co., Ltd. 7,200 RMB/ton, Yangzhou Lihong Daily Chemical Technology Co., Ltd. 7,100 RMB/ton.
Chemical Index: On May 18th, the chemical index stood at 875 points, a decrease of 3 points from the previous day, a decrease of 37.50% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.32% 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).
Market outlook
Cyclohexane analysts from SunSirs believe that the market price of cyclohexane is weak in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-03-19 SunSirs: The Market Price of Cyclohexane Was Mainly Based on Stable Operation (March 8-15)
- 2024-03-11 SunSirs: The Cyclohexane Market Prices Was Mainly Stable (March 1-8)
- 2024-03-01 SunSirs: The Market Price of Cyclohexane Was Stronger with a Narrow Range (February 22-29)
- 2024-02-26 SunSirs: The Market Price of Cyclohexane Was Stronger in a Narrow Range (February 16-23)
- 2024-02-04 SunSirs: In January, the Cyclohexane Market Operated Narrowly Weaker
