SunSirs: The Cyclohexane Market Was Mainly Stable, with Prices Remaining Stable with Minor Fluctuations

Price trend

According to data monitored by SunSirs, as of September 25, the average price of domestic industrial-grade high-quality cyclohexane was 7,200 RMB/ton. The cyclohexane market was temporarily operating steadily. s of September 25, the downstream demand for cyclohexane was insufficient, and the upstream cost support was general, so the industry players were operating with caution.

Analysis review

Market: As of September 25, the cyclohexane market was mainly operating steadily, and the price fluctuation range was limited. As of September 25, the focus of domestic cyclohexane market negotiations was stable operation, the equipment was operating normally, the spot supply was sufficient, and the downstream purchases were mainly based on just-in-time needs. The purchasing atmosphere was general, and the supply-side positive support was not obvious. The mentality in the market was stable, operations were cautious, and a wait-and-see attitude still existed. The overall market operation was cautious.

On the upstream side: Upstream benzene was temporarily running stable and strong, and some companies raised prices. Qicheng Petrochemical's benzene price had increased by 30 RMB/ton to 5,950 RMB/ton, and Dongying Petrochemical's benzene quotation today had increased by 20 RMB/ton to 5,950 RMB/ton. The benzene market was generally positive, and it is expected to run stable and stronger in the short term.

On the downstream side: the downstream cyclohexanone market was mainly running in a narrow and strong range. As of September 25, the cyclohexanone market in South China was running weakly, the market spot supply was stable, the downstream was cautious in following up on high prices, and the market high-price transactions were sluggish. The cyclohexanone market in East China was running weakly, the cost side lacked support, high-price transactions were not smooth, and the market price fluctuated and weakened. The East China market was 7,100 RMB/ton. The cyclohexanone market in Shandong was running weakly, and benzene was fluctuating. The cost support was general, the downstream purchases on demand, and the market was weak.

Market outlook

Analysts of cyclohexane from SunSirs believe that as of September 25, the market demand for cyclohexane was average, overall market shipments were slow, and inventory pressure still existed.

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