SunSirs: The Cyclohexane Market Prices Were Weak and Downward (December 4-11)
December 12 2023 14:40:52 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 11th, the average price of industrial grade premium cyclohexane in China was 7,133.33 RMB/ton, which was slightly weaker compared to the same period last week. The price had decreased by 2.28% compared to the same period last week. The overall market supply and demand were balanced, with manufacturers mainly offering discounts for sales.
Analysis review
The market price of cyclohexane had slightly declined, with the mainstream price around 7,133.33 RMB/ton, a 2.28% decrease compared to the same period last week. The mainstream manufacturer's quotation range was maintained at around 7,000 RMB/ton, and downstream procurement was on demand. The willingness to stock up was not strong, the demand was average, and upstream support was weak. Latest quotations from enterprises: Wuhan Hengjiu Chemical Co., Ltd. offered a price of 6,250 RMB/ton, Qingdao Chengxin Hongfeng Chemical Co., Ltd. offered a price of 6,800 RMB/ton, Qingdao Hefeng Chemical Co., Ltd. offered a price of 6,250 RMB/ton, and Zhongyin New Materials (Shandong) Co., Ltd. offered a price of 6,400 RMB/ton.
Chemical index: On December 11th, the chemical index was 874 points, a decrease of 3 points from the previous day, a decrease of 37.57% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.15% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Market outlook
SunSirs's cyclohexane analyst believes that in the short term, the cyclohexane market will mainly operate steadily, with a narrow and weak range.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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