Price trend

According to data monitored by SunSirs, as of October 17th, the average price of domestic industrial grade premium cyclohexane was 7,466.67 RMB/ton, which was slightly stronger than the same period last week. The price had increased by 4.19% compared to the same period last week, and the overall market supply and demand were balanced, and manufacturers mainly made profit-cuttings to sell goods.

Analysis review

The market price of cyclohexane slightly increased, with the mainstream price around 7,466.67 RMB/ton. The price had increased by 4.19% compared to the same period last week, and the range of quotes from mainstream manufacturers remained around 7,000 RMB/ton. Downstream purchased on-demand, had weak willingness to stock, and demand was average. Upstream support was weak. Latest quotation from the enterprises: Jiangsu Pulesi Biotechnology Co., Ltd. quoted 7,400 RMB/ton, Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 7,200 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 7,700 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. quoted 7,000 RMB/ton.

Chemical index: On October 16, the chemical index was 926 points, a decrease of 5 points from the previous day, a decrease of 33.86% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 54.85% 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 will mainly be stable, with a narrow range leaning towards stronger operation.

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