SunSirs: Due to Insufficient Positive News, the Cyclohexanone Market in Shandong is Experiencing a Downward Trend

Price trend

According to the Commodity Market Analysis System of SunSirs, on July 3rd, the reference price of cyclohexanone in the domestic Shandong region is 7,187 RMB/ton. Compared with June 29th (reference price of cyclohexanone was 7,425 RMB/ton), the price decreased by 238 RMB/ton, a decrease of 3.20%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that this week, the cyclohexanone market in Shandong Province, China, experienced a cold and declining trend. The focus of the cyclohexanone market has been adjusted downwards, and negotiations have shifted downwards, with a reduction of 150-300 RMB/ton. As of July 3rd, the reference price for cyclohexanone in Shandong region is around 7,000-7,250 RMB/ton.

In terms of cost: During the week, the benzene market on the cost side fluctuated and fell, providing weaker support for cyclohexanone.

In terms of supply and demand: Currently, the overall supply performance of cyclohexanone in the market is relatively loose, and the supply side provides poor support for the cyclohexanone market. In addition, downstream demand for cyclohexanone is slightly weak, and demand is cautiously continuing to be mainly driven by rigid procurement, resulting in weak overall transmission between supply and demand.

Market outlook

At present, the cyclohexanone market is mainly weak in consolidation and operation, with a light trading atmosphere and a general mentality among industry players. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market in Shandong will mainly adjust and operate in a narrow range, and more attention needs to be paid to the changes in supply and demand.

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