SunSirs: Cyclohexane Market Mainly Maintained Stable Operation in August

Price trend

According to data monitored by SunSirs, as of August 29, the average price of domestic industrial-grade high-quality cyclohexane was 7,300 RMB/ton. The price of cyclohexane in August was generally stable with small fluctuations, and the price increased by 0.46% compared with the same period last month. As of August 29, 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 August, the cyclohexane market operated to be weaker in a narrow range, and the price fluctuation range was not large. As of August 29, 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 August 29, 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 operated steadily but slightly weaker in August. The price of benzene in Dongying Wanda Tianhong was reduced by 90 RMB/ton to 5,930 RMB/ton. The plant's approximately 20,000-ton benzene unit was operating normally. The price of benzene in Qicheng Petrochemical was reduced by 50 RMB/ton to 5,980 RMB/ton. The price of benzene in Dongying Wantong Petrochemical was reduced by 80 RMB/ton to 5,957 RMB/ton on August 29.

Downstream: As of August 29, the low price of cyclohexanone in the East China market 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.

Market 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.