SunSirs: The Cyclohexane Market Slightly Increased in October
October 31 2023 15:06:23 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of October 30th, the average price of domestic industrial grade premium cyclohexane was 7,566.67 RMB/ton. In October, the cyclohexane market saw a narrow upward trend, with an increase of 6.07%. Compared to the same period last month, the price was increased by 6.07%. The overall market supply and demand were balanced, and the market negotiation atmosphere was still good.
Analysis review
In October, the market price of cyclohexane slightly increased, with the mainstream price around 7,500 RMB/ton, an increase of 6.07% compared to the same period last month. The quotation range of mainstream manufacturers remained around 7,500 RMB/ton, and downstream procurement was on demand, with average willingness to stock, while upstream cost support was weak. Latest quotations from the enterprises: Jiangsu Pulesi Biotechnology Co., Ltd. quoted 7,400 RMB/ton, Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 7,200 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 7,700 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. quoted 7,000 RMB/ton.
Chemical Index: On October 29, the chemical index stood at 888 points, unchanged from the previous day, a decrease of 36.57% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 48.49% 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
SunSirs’ cyclohexane analysts believe that in the short term, the cyclohexane market is stable and tends to be stronger, with mainstream prices maintained at around 7,500 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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- 2024-03-01 SunSirs: The Market Price of Cyclohexane Was Stronger with a Narrow Range (February 22-29)
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