SunSirs: Shandong Cyclohexanone Market Ran in a Narrow Range

Price trend

According to the commodity market analysis system of SunSirs, on August 20, 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 20, the reference price for cyclohexanone in Shandong Province was around 7,050-7,100 RMB/ton.

Fundamentals

Supply and demand: As of August 20, spot cyclohexanone supply was limited, and supply-side pressure was relatively low, providing some support to the market. Downstream demand for cyclohexanone was generally weak, with cautious demand, and overall supply-demand transmission was slow.

Cost: As of August 20, the price of raw material benzene was fluctuating, providing stable support for cyclohexanone. As of August 19, 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 20, the trading atmosphere of cyclohexanone in Shandong region was weak, the mentality of the industry players was average, and downstream users were mostly purchasing for urgent needs. The cyclohexanone data analyst of SunSirs predicts that in the short term, the domestic cyclohexanone market in Shandong region will mainly run in a narrow range of consolidation, and more attention should be paid to the changes in the supply and demand news.

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