Price trend

According to data monitored by SunSirs, as of October 20th, the average price of domestic industrial grade premium cyclohexane was 7,566.67 RMB/ton, which was slightly stronger than the same period last week. The price had increased by 4.61% compared to the same period last week, and the overall market supply and demand were balanced, with manufacturers mainly selling at profit-cutting.

Analysis review

The market price of cyclohexane slightly increased, with the mainstream price around 7,566.67 RMB/ton, an increase of 4.61% compared to the same period last week. The quotation range of mainstream manufacturers remained around 7,500 RMB/ton, and downstream procurement was mainly on demand. The willingness to stock up was not strong, the demand was average, and upstream support was weak. Latest quotation from the enterprised: Jiangsu Renen Environmental Protection Technology Co., Ltd. quoted 7,200 RMB/ton, Wande (Shanghai) International Trade Co., Ltd. quoted 7,300 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. quoted 71,00 RMB/ton, and Shanghai Minyu New Material Technology Co., Ltd. quoted 8,000 RMB/ton.

Chemical Index: On October 18th, the chemical index stood at 919 points, a decrease of 2 points from the previous day, a decrease of 34.36% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 53.68% from the lowest point of 598 points on April 8th, 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 be mainly stable, with a narrow range leaning towards stronger operation.

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