Price trend

According to data monitored by SunSirs, as of June 29th, the average price of domestic industrial grade premium cyclohexane was 6,600 RMB/ton. In June, the overall price fell by 3.41%, a 1.52% decrease compared to the same period last week, and a 4.88% decrease compared to the same period last month. The overall market was mainly narrowly weaker, with a small range of price fluctuations.

Analysis review

In June, the market price of cyclohexane saw a narrow decline, with the mainstream price around 6,600 RMB/ton. Compared to the same period last week, the price had a narrow decline, and the focus of negotiations was relatively low. The range of quotations from mainstream manufacturers remained around 6,800 RMB/ton. As of 29th, the operating rate was stable, and downstream procurement was mainly based on demand. The latest quotation from the enterprise: Jinan Dezheng Chemical Co., Ltd. quoted 6,450 RMB/ton, Jinan Qichen Chemical Co., Ltd. quoted 6,500 RMB/ton, Shandong Yushuo Chemical Co., Ltd. quoted 6,500 RMB/ton, and Shandong Luoheng Chemical Products Co., Ltd. quoted 6,450 RMB/ton.

Chemical Index: On June 27th, the chemical index stood at 803 points, a decrease of 1 point from the previous day, a decrease of 42.64% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 34.28% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

Cyclohexane analysts from SunSirs believe that in the short term, the cyclohexane market is stable and weaker, with a limited range of price fluctuations.

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