SunSirs: The Shandong Cyclohexanone Market Fluctuated Since November

Price trend:

According to data from the SunSirs' commodity market analysis system, on November 24, the ex-factory price of cyclohexanone in Shandong, China, was 6,350 RMB/ton, which was basically the same as the price on November 1 (6,200 RMB/ton).

Since November, the Shandong cyclohexanone market were fluctuating with mixed price movements

According to the commodity market analysis system of SunSirs, the cyclohexanone market in Shandong, China, experienced a "first decline, then rise" trend since November. During the month, the price of cyclohexanone fluctuated, showing both increases and decreases. On November 24th, the ex-factory price of cyclohexanone in Shandong was around 6,300-6,400 RMB/ton.

Lacking positive support, the cyclohexanone market trended downwards in the first ten days of the month

In early November, the Shandong cyclohexanone market experienced a decline. The supply and demand transmission of cyclohexanone was slow, and the weak supply and demand made it difficult to provide effective support to the market. During the first ten days of November, the cyclohexanone market lacked clear positive support, and the market price continued to decline. The focus of negotiations in the market continued to fall. On November 15, the Shandong cyclohexanone price fell to the lowest point of the month, with the ex-factory price at a reference of 6,200 RMB/ton, a drop of 2.36% in the first ten days of November.

Supply provided temporary support, and cyclohexanone prices gradually rebounded in late November

In late November, the overall supply of cyclohexanone decreased, easing the pressure from the supply side. Factories and suppliers were eager for price increases and were reluctant to sell at lower prices. The Shandong cyclohexanone market experienced a brief correction, with the market center gradually rising. However, downstream demand remained cautious, making it difficult for demand to be effectively transmitted. Some manufacturers then slightly lowered cyclohexanone prices, and the overall market returned to the level at the beginning of the month.

Market Forecast:

As of November 24, the trading atmosphere in the Shandong cyclohexanone market was mild, with downstream buyers mainly purchasing on an as-needed basis. Market sentiment was generally neutral. According to data analysts at SunSirs, the Shandong cyclohexanone market will likely fluctuate in the short term, and further attention should be paid to changes in supply and demand.

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