SunSirs: The Cyclohexane Market Was Mainly Operating Smoothly (July 18-25)
July 26 2023 14:33:11 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of July 25th, the average price of domestic industrial grade premium cyclohexane was 6,400 RMB/ton, which was stable compared to the same period last week. The overall market supply and demand were balanced, and shipments were currently slow.
Analysis review
The market price of cyclohexane was weaker in a narrow range this week, 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 and a stable operating rate. Downstream procurement was mainly on demands, and the negotiation atmosphere was flat. The latest prices from enterprises: 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 24th, the chemical index stood at 828 points, an increase of 2 points compared to the previous day, a decrease of 40.86% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 38.46% 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.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 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)
