SunSirs: In October, the Cyclohexane Market Ran Strongly

Price trend

According to the data monitored by SunSirs, as of October 28, the average price of domestic industrial grade cyclohexane was 8,566.67 RMB/ton, and the price trend rose in October. As a whole, cyclohexane rose by 15.25% in October, with an increase of 900 RMB/ton. As of the 28th, the quotation range of mainstream manufacturers is about 8,500 RMB/ton, which will maintain stable operation in the short term.

Analysis review

As of October 14, the average price of domestic industrial grade cyclohexane was 7,900.00 RMB/ton, up 6.28% compared with the same period last week. The price of cyclohexane rose slightly. The price of cyclohexane was stable and strong. The operating rate was normal, the supply side was stable, the logistics shipment was smooth, the transaction atmosphere was general, and the overall market negotiation atmosphere was general. Latest prices of the enterprise: Shandong Zhiying New Materials Co., Ltd. cyclohexane price was 7,400 RMB/ton, Pande (Shanghai) International Trade Co., Ltd. cyclohexane price was 9,050 RMB/ton, Liaocheng Quanyou Chemical Trade Co., Ltd. cyclohexane price was 9,000 RMB/ton, Shanghai Ronghe Chemical Co., Ltd. cyclohexane price was 8,300 RMB/ton, Xiamen Yudeshun Chemical Products Co., Ltd. cyclohexane price was 7,400 RMB/ton, mainly for contract customers, and the number of new orders was limited.

By the end of October 25, the average price of domestic industrial grade cyclohexane was 8,466.67 RMB/ton, showing a slight upward trend. The latest prices of the enterprise: the price of cyclohexane of Liaocheng Jinrui New Materials Co., Ltd. was 8700 RMB/ton, the price of cyclohexane of Shandong Zhiying New Materials Co., Ltd. was 8750 RMB/ton, the price of cyclohexane of Jinan Pulaihua Chemical Co., Ltd. was 8,900 RMB/ton, and the price of cyclohexane of Liaocheng Quanyou Chemical Trade Co., Ltd. was 9,000 RMB/ton. The overall trend continued to rise.

Chemical index: On October 27, the chemical index was 966 points, down 5 points from the  previous day, down 31.00% from the cycle's highest point of 1,400 points (2021-10-23), and up 61.54% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

Market outlook

Cyclohexane analysts from SunSirs believe that the cyclohexane market is expected to run smoothly in November.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.