SunSirs: The Cyclohexane Market Was Mainly Operating Weakly and Steadily (June 6-13)

Price trend

According to data monitored by SunSirs, as of June 13th, the average price of industrial grade high-quality cyclohexane in China was 7,333 RMB/ton. Recently, cyclohexane prices have been weak, with a narrow downward adjustment. Compared with the beginning of last week, the price dropped by 1.57%, or about 50 RMB/ton. Compared with the same period last month, the price dropped by 2.6%, or about 130 RMB/ton. As of June 13th, the mainstream price of cyclohexane remained at around 7,400 RMB/ton.

Analysis review

The negotiation atmosphere in the domestic cyclohexane market was quiet, with a low focus on negotiations. As of June 13th, cyclohexane inventory pressure was relatively high, shipments were slow, and contract customers mainly purchased for rigid demand. Downstream procurement lacked enthusiasm, and the overall cyclohexane market was under pressure. The mainstream transaction price was temporarily concentrated at around 7,400 RMB/ton, and the cyclohexane market price was weak this week.

Upstream: The benzene market was mainly stronger in the early stages of the weekend. On June 12th, the mainstream spot price of benzene in the East China market was 6,100 RMB/ton, and the mainstream spot price in the Shandong market was 6,150 RMB/ton. On June 13th, the East China benzene market opened high and rose sharply. On June 12th, the benzene price of Jiangsu Xinhai Petrochemical was raised by 200 RMB/ton, with a price of 6,205 RMB/ton.

Downstream: Last week, the cyclohexanone market first weakened and then strengthened, with downstream users showing serious resistance to high prices. Purchasing was cautious, with a focus on stocking up for immediate needs. Market participants adopted a cautious and wait-and-see attitude, resulting in low purchasing willingness. On June 12th and 13th, the cyclohexanone market was mainly strong, with stable supply sources and normal plant start-up. As of June 13th, the cyclohexanone price in South China was around 7,400 RMB/ton..

Market outlook

The cyclohexane analyst from SunSirs believes that the downstream demand for cyclohexane was average, the upstream cost support was limited, inventory pressure was high, and shipments were slow. It is expected that the short-term upward momentum of the cyclohexane market will be insufficient, and the price increase space will be limited.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.