SunSirs: Cyclohexane Market Mainly Maintained Stable Operation

Price trend  

According to the data monitored by SunSirs, as of August 12, the average price of domestic industrial-grade high-quality cyclohexane was 7,266 RMB/ton. The price of cyclohexane remained stable. The quotations of cyclohexane holders were stable, the atmosphere of on-site negotiations was acceptable, traders followed the market, and the downstream market mainly purchased on demand.

Analysis review

Market: As of August 12, the cyclohexane market was mainly operating steadily, and the price fluctuation range was limited. As of August 12, the focus of domestic cyclohexane market negotiations was 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 mentality in the market was stable, the operation was cautious, and a wait-and-see attitude still existed. As of August 12, 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 upstream benzene market was mainly stable, with the price of benzene in Shandong at around 5,800-5,900 RMB/ton. The price was stable and slightly stronger, the market negotiation focus was high, the market mentality was positive, and the overall price rises more than falls. As of August 12, the downstream demand was still good, shipments were smooth, and the market supply was sufficient and without pressure. It is expected to maintain a stronger trend in the short term and price fluctuations will be limited.

On the downstream side: As of August 12, the price of cyclohexanone in the East China market was average, the downstream demand was average, the market was exploring a narrow range of increases, the cyclohexanone plant was operating normally, the supply in Inner Mongolia had decreased, and the room for price increases is limited. The overall market purchasing enthusiasm was not good, and the sentiment was depressed. The cyclohexanone market in South China was sorting out, 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.

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