SunSirs: Demand Fell Short of Expectations, and Shandong's Cyclohexanone Market Continued to Decline

Price trend

According to the commodity market analysis system of SunSirs, on September 28, the ex-factory price of cyclohexanone in Shandong Province was 6,900 RMB/ton. Compared with September 1 (the reference price of cyclohexanone was 7,087 RMB/ton), the price dropped by 187 RMB/ton, a decrease of 2.65%.

The "Golden September Effect" had not appeared, and the cyclohexanone market had fallen

According to the SunSirs commodity market analysis system, the domestic cyclohexanone market in Shandong Province experienced an overall downward trend in September. In the first half of the month, cyclohexanone market fluctuations were minimal, supply and demand were relatively stable, and the market was operating in a weak consolidation pattern. In the second half of the month, Shandong cyclohexanone prices began to decline, with market negotiations gradually shifting downward, with a cumulative decrease of approximately 150-200 RMB/ton. As of September 26, the ex-factory price of cyclohexanone in Shandong Province was around 6,850-6,950 RMB/ton.

Analysis of market influencing factors

Demand: In September, the overall downstream demand for cyclohexanone fell short of expectations. Before the Double Holidays, downstream users’ pre-holiday purchasing activity was average, and the overall demand for cyclohexanone performed poorly, providing insufficient support to the market.

On the supply side: In September, the Shandong cyclohexanone market showed a loose supply, with slow demand transmission. Overall supply pressure remained difficult to alleviate, factories were actively shipping, and negotiated prices continued to trend downward. Therefore, supply-side support for the cyclohexanone market remained weak in September.

Market outlook

As of September 28, as the end of the month approaching, the trading atmosphere of cyclohexanone in the market was mild, the downstream purchased on demand, and the market supply was relatively stable. The cyclohexanone data analyst of SunSirs predicts that after the holiday, the cyclohexanone market in Shandong region will mainly adjust in a narrow range, and more attention should be paid to the changes in the news on the supply and demand sides.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.