SunSirs: The Cyclohexane Market Was Mainly Operating Smoothly (July 4-11)
July 12 2023 14:06:57 SunSirs (John)Price trend
According to data monitored by SunSirs, as of July 11th, the average price of domestic industrial grade premium cyclohexane was 6,433.33 RMB/ton, a narrow decrease of 1.01% compared to the same period last week. The overall market supply and demand were balanced, and shipments were slow.
Analysis review
This week, the market price of cyclohexane was operating to be weaker in a narrow range, with the mainstream price around 6,600 RMB/ton. Compared to the same period last week, the price remained stable, with mainstream manufacturers maintaining a quotation range of around 6,400 RMB/ton. The operating rate was stable, and downstream procurement was mainly based on demand. The negotiation atmosphere was flat. The latest price of the enterprise: Zhongyin New Materials (Shandong) Co., Ltd. quoted 6,500 RMB/ton, Shandong Zhenkun New Materials Co., Ltd. quoted 6,400 RMB/ton, Shandong Hongyang Chemical Co., Ltd. quoted 6,600 RMB/ton, and Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 7,200 RMB/ton.
Chemical Index: On July 10th, the chemical index stood at 806 points, an increase of 2 points compared to the previous day, a decrease of 42.43% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 34.78% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Market outlook
Cyclohexane analysts from SunSirs believe that in the short term, the cyclohexane market will mainly be stable and weaker in a narrow range.
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- 2024-05-14 SunSirs: The Cyclohexane Market Prices Narrowly Declined (May 4-11)
- 2024-04-24 SunSirs: The Cyclohexane Market Price Was Operating Stably (April 15-22)
- 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)
