SunSirs: The Cyclohexane Market Was Mainly Stable in July

Price trend

According to data monitored by SunSirs, as of July 30, the average price of domestic industrial-grade high-quality cyclohexane was 7,266 RMB/ton. The price of cyclohexane in July was narrowly weaker, and the price increased by 0.46% compared with the same period last month. As of July 30, the cyclohexane holders’quotations were firm, the atmosphere of on-site negotiations was acceptable, traders followed the market, and the downstream market mainly purchased on demand.

Analysis review

Market: In July, the cyclohexane market operated in a narrowly weaker range, and the price fluctuation range was not large. As of July 30, the negotiation focus of the domestic cyclohexane market remained stable, the operation equipment was operating normally, the spot supply was sufficient, and the downstream purchases were mainly based on just-in-time needs. There was no obvious positive support on the supply side, the market mentality was stable, the operations were cautious, and a wait-and-see attitude still existed. As of July 30, the overall market negotiation focus was stable, the factory had no pressure to ship, the profit was still considerable, and the overall market was running upward.

On the upstream side: The benzene market was stable and stronger in July. The price of benzene in Shandong was around 5,800-5,900 RMB/ton. The price was stable and stronger, the market negotiation focus was high, the market mentality was positive, the overall price rose more than fell, the current downstream demand was good, shipments were smooth, the market supply was sufficient and there was no pressure. It is expected to maintain a stronger trend in the short term and price fluctuations will be limited.

Downstream: As of July 30, the low price of cyclohexanone in the East China market had decreased, the downstream demand was general, and the market had seen a narrow rise. The reference price in the East China market was 7,400 RMB/ton, the equipment was operating normally, the supply in Inner Mongolia had decreased, and the room for increase was limited. The reference price of domestic cyclohexanone was around 7,400 RMB/ton. The overall market purchasing enthusiasm was not good, and the sentiment was depressed. The cyclohexanone market in South China was in consolidation and operation, and the downstream purchased on demand, and the market spot supply was stable.

Future outlook:

Analysts of cyclohexane from SunSirs believe that the cyclohexane market demand was average and there was a lack of favorable support from upstream factors. It is expected that the cyclohexane market will maintain a stable operation in the short term.

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