SunSirs: Support Was Insufficient, and Shandong Cyclohexanone Market Was Downward

Price trend

According to the commodity market analysis system of SunSirs, on October 13, the ex-factory price of cyclohexanone in Shandong Province was 6,750 RMB/ton. Compared with October 1 (the reference price of cyclohexanone was 6,900 RMB/ton), the price decreased by 150 RMB/ton, a decrease of 2.17%. Compared with September 1 (the reference price of cyclohexanone was 7,087 RMB/ton), the price decreased by 337 RMB/ton, a decrease of 4.76%.

The market conditions after the holiday were not good, Cyclohexanone fell weakly

According to the SunSirs commodity market analysis system, the cyclohexanone market in Shandong Province was weak following the October National Day holiday. Some Shandong cyclohexanone factories and suppliers have lowered their shipping prices by around 100 RMB/ton. As of October 13, the reference price of cyclohexanone in Shandong Province was around 6,700-6,800 RMB/ton.

Analysis of market influencing factors

On the demand side: As of October 13, downstream demand for cyclohexanone was generally weak, with limited new orders from downstream chemical fiber users, and demand-side support was also weakening.

On the supply side: As of October 13, the Shandong cyclohexanone market had ample supply, but the supply side was operating under pressure and lacks market support.

Cost: After the holiday, the price of raw material benzene fluctuated and weakened, weakening the cost support for cyclohexanone. According to the SunSirs data monitoring system, the reference price of benzene was 5,662 RMB/ton on October 13, down 3.36% from 5,848.67 RMB/ton on October 1.

Market outlook

As of October 13, the trading atmosphere of cyclohexanone in the market was weak, the mentality of the industry players was average, and the transmission between supply and demand was slow. The cyclohexanone data analyst of SunSirs believes that in the short term, the Shandong cyclohexanone market is expected to be mainly weakly consolidated, and more attention needs to 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.