SunSirs: In Early May, Shandong Cyclohexanone Market "First Fell and then Rose"

According to the commodity market analysis system of SunSirs, on May 15, the reference price of cyclohexanone in Shandong was 7375 RMB/ton. Compared with May 1 (the reference price of cyclohexanone was 7637 RMB/ton), the price dropped by 262 RMB/ton, a drop of 3.44%.

From the commodity market analysis system of SunSirs, it can be seen that in early May, the overall cyclohexanone market in Shandong showed a trend of first falling and then slightly correcting.

During the Labor Day holiday, the cyclohexanone market was relatively stable, and the news on the supply and demand side did not change much. In the first week after the holiday, the market was weak and fell overall. After the holiday, the downstream was cautious in stocking up. Under the lack of demand support, the market supply was under pressure, and the price center of gravity continued to decline, and the low-end price fell to around 7000 RMB/ton. Subsequently, the market price of benzene on the raw material side fluctuated and rose, and the support for cyclohexanone on the cost side was strengthened. The market price of cyclohexanone was adjusted upward under the support of raw materials. As of May 15, the market price of cyclohexanone in Shandong Province was adjusted to around 7300-7400 RMB/ton.

Upstream: Recently, the market price of raw material benzene has risen. As of May 15, the reference price of benzene was 6225.33 RMB/ton, which was 8.85% higher than that on May 1 (5708.67 RMB/ton).

Market analysis

At present, the trading atmosphere of cyclohexanone market is mild, and the downstream purchase is mainly rigid demand, and the cost side provides strong support for the market.

The cyclohexanone data analyst of SunSirs predicts that in the short term, the market price of cyclohexanone in Shandong Province will be mainly stable and slightly strong, and more attention should be paid to the news changes on the supply and demand side.

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