SunSirs: Shandong Cyclohexanone Market Was Undergoing Restructuring in Recent Days

Price trend

According to the commodity market analysis system of SunSirs, on September 16, the ex-factory price of cyclohexanone in Shandong Province was 7,087 RMB/ton. Compared with September 1, the price was basically the same. Compared with August 1 (the reference price of cyclohexanone was 7,262 RMB/ton), the price dropped by 175 RMB/ton, a drop of 2.41%.

Price trend

According to the SunSirs commodity market analysis system, the domestic cyclohexanone market in Shandong Province experienced a period of primarily consolidation in early September, with relatively quiet market news and limited overall market fluctuations. As of September 16, the reference price for cyclohexanone in Shandong Province was around 7,050-7,150 RMB/ton.

Fundamentals

Supply and demand: As of September 16, the supply side of the cyclohexanone market was stable, downstream users purchased on demand, and the transmission between supply and demand was still acceptable.

Cost: In early September, the benzene market on the cost side of cyclohexanone fluctuated at a high level, and the cost pressure on cyclohexanol remained unabated. On September 15, the reference price of benzene was 5,998.67 RMB/ton, up 0.39% from September 1 (5,975.33 RMB/ton)..

Market outlook

As of September 16, the trading atmosphere in the cyclohexanone market was relatively mild, the overall supply in the market was sufficient, and demand continued to be mainly based on just-in-time stocking. The cyclohexanone data analyst of SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly be in the process of consolidation, and more attention needs to be paid to changes in supply and demand news.

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