SunSirs: Supported by Costs, the Cyclohexanone Market in Shandong Province Saw a Slight Increase in June

Price trend

According to the Commodity Market Analysis System of SunSirs, on June 27th, the reference price of cyclohexanone in the domestic Shandong region was 7,425 RMB/ton. Compared with June 1st (reference price of cyclohexanone was 7,300 RMB/ton), the price increased by 125 RMB/ton, an increase of 1.71%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that the overall market situation of cyclohexanone in Shandong, China has shown a slight upward trend since June. In early June, the market for cyclohexanone in Shandong did not experience significant fluctuations, with market consolidation being the main focus. In late June, the cyclohexanone market as a whole experienced an upward trend, and the focus of cyclohexanone negotiations was adjusted upwards. As of June 27th, the cyclohexanone price in Shandong region was around 7,400-7,450 RMB/ton.

Fundamental situation

In terms of cost: In June, the market situation of benzene on the cost side of cyclohexanone first rose and then fell, showing an upward trend. In the early-mid month, the support provided by the cost side to cyclohexanone gradually increased, and cyclohexanone gradually moved upwards driven by raw materials. In the late month, the cost side market fell, which weakened the support for cyclohexanone. The upward momentum of cyclohexanone was insufficient, and the market maintained a stable operation.

In terms of supply and demand: In June, the overall supply performance of cyclohexanone on-site was relatively stable, and downstream demand continued to be mainly driven by rigid procurement, with weak transmission between supply and demand.

Future outlook:

As the end of the month approached, the overall consolidation of the cyclohexanone market was dominant, with a weak trading atmosphere on the market. The fluctuation of the cost raw material market had slightly weakened the cost support for cyclohexanone, and the wait-and-see sentiment in the market was gradually increasing. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly adjust its operation within a certain range, and specific changes in supply and demand news need to be closely monitored.

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