SunSirs: Fundamentals Were Calm, Shandong Cyclohexanone Market Was Consolidating

Price trend

According to the commodity market analysis system of SunSirs, on August 13, the ex-factory price of cyclohexanone in Shandong Province was 7,187 RMB/ton, which was basically the same as that on August 9. Compared with August 1 (the reference price of cyclohexanone was 7,262 RMB/ton), the price dropped by 75 RMB/ton, a drop of 1.03%.

Analysis review

According to the SunSirs’Commodity Market Analysis System, the domestic cyclohexanone market in Shandong Province experienced a period of consolidation last week. Market fundamentals remained largely unchanged, with supply and demand fluctuations remaining relatively calm. As of August 13, the reference price for cyclohexanone in Shandong Province was around 7,150-7,200 RMB/ton.

Fundamentals

Supply and demand: As of August 13, the supply of cyclohexanone was ample, though slightly under pressure, providing limited support for the market. On the demand side, downstream demand for cyclohexanone remained primarily driven by just-in-time purchases, resulting in a relatively loose supply-demand balance.

Cost: As of August 13, raw material costs were fluctuating at a relatively high level, putting some cost pressure on cyclohexanone. As of August 12, the reference price of benzene was 6,158.67 RMB/ton, up 1.37% from 6,075.33 RMB/ton on August 1.

Market outlook

As of August 13, the trading atmosphere of the cyclohexanone market in Shandong was general, and the mentality of the industry players was cautious. The cyclohexanone data analyst of SunSirs predicts that in the short term, the domestic cyclohexanone market in Shandong will mainly adjust within the range, and more attention should be paid to the changes in the news on the supply and demand sides.

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