Price trend
According to data monitored by SunSirs, as of May 11th, the average price of industrial grade premium cyclohexane in China was 7,433.33 RMB/ton. The price of cyclohexane had remained stable this week, compared to the same period last week. As of May 11th, the support for raw material cost prices was weak, and the cyclohexane market was mainly stable in the short term.
Analysis review
This week, the price of cyclohexane in the market remained stable, with the mainstream price being around 7,400 RMB/ton. The support from raw material costs was insufficient, and the support from cyclohexane market costs was weak. The downstream negotiation atmosphere was cold, and the trading atmosphere was cold. As of May 11th, there were not many inquiries on the market, mainly small orders, and the cyclohexane market was slowly consuming inventory.
Chemical index: On May 10th, the chemical index was 869 points, a decrease of 1 point from the previous day, a decrease of 37.93% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 45.32% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Market outlook
SunSirs' cyclohexane analyst believes that in the short term, the cyclohexane market is mainly stable, with limited price fluctuations, and the mainstream market price is around 7,400 RMB/ton.
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