SunSirs: After the Spring Festival, the Cyclohexanone Market in Shandong Province Was Stable to Stronger

Price trend

According to the Commodity Market Analysis System of SunSirs, on February 6th, the reference price of cyclohexanone in the domestic market in Shandong was 9,037 RMB/ton. Compared with January 27th, the reference price of cyclohexanone in the domestic market was 9,000 RMB/ton, with a price increase of 37 RMB/ton, an increase of 0.42%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that after the Spring Festival holiday, the overall market situation of cyclohexanone in Shandong Province, China, was stable with a slight stronger trend. Some cyclohexanone factories and suppliers in Shandong region have raised the price of cyclohexanone narrowly after the holiday, with an increase of about 50 RMB/ton. As of February 6th, the domestic cyclohexanone market price in Shandong region was around 8,850-9,100 RMB/ton.

Market factor analysis:

Firstly, in terms of demand, downstream demand for cyclohexanone gradually recovered after the holiday, and the demand side urgently needed procurement, with overall performance still acceptable. In terms of supply, after the holiday, the cyclohexanone supply side showed stable performance, and the supply side had sufficient supply. In terms of cost, the high volatility of the benzene market on the raw material cost side provided certain support for the cyclohexanone market.

Market outlook

As of February 6th, the trading atmosphere in the cyclohexanone market was mild, the supply and demand transmission was weak, and the cost side provided market support. The mentality of cyclohexanone operators was still acceptable. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market will mainly focus on consolidation and operation, and specific changes in supply and demand information need to be paid more attention to.

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