SunSirs: With Loose Supply and Demand, Shandong's Cyclohexanone Market Fluctuated and Fell in July

Price trend

According to the commodity market analysis system of SunSirs, on July 29, the ex-factory price of cyclohexanone in Shandong Province was 7,125 RMB/ton. Compared with July 1 (the reference price of cyclohexanone was 7,250 RMB/ton), the price dropped by 125 RMB/ton, a decrease of 1.72%.

Analysis review

According to the SunSirs’ Commodity Market Analysis System, the cyclohexanone market in Shandong Province experienced an overall volatile decline in July. Throughout the month, the center of the cyclohexanone market in Shandong Province shifted downward, with market negotiation levels fluctuating downward. Near the end of the month, the market saw some correction, but the overall downward trend remained. As of July 29, the reference price of cyclohexanone in Shandong Province was around 7,100-7,150 RMB/ton..

Analysis of Market Influencing Factors

Supply and demand: In July, the overall supply side of the cyclohexanone market was relatively stable, with a loose supply side and limited support for the market. Downstream demand was mainly based on just-in-time purchases, and the overall supply and demand transmission in the market was loose and weak.

Cost: In the early to mid-month period, the market for benzene, a cost raw material, fluctuated and weakened, providing poor support for cyclohexanone. At the end of the month, the market for benzene fluctuated and retreated, providing stronger support for cyclohexanone.

Future outlook:

As of July 29th, the trading atmosphere of cyclohexanone was mild, the industry players were in a good mood, and the cost fluctuations provided support. The cyclohexanone data analyst of SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly be in a consolidation mode, and more attention should be paid to the changes in the news on the supply and demand sides.

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