Price trend

According to data monitored by SunSirs, as of May 16th, the average price of industrial grade premium cyclohexane in China was 7,433.33 RMB/ton. This week, the price of cyclohexane remained stable, but there was insufficient action in the cyclohexane market. As of May 16th, 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 market price of cyclohexane remained stable, with limited overall price fluctuations. As of May 16th, the mainstream market price was around 7,400 RMB/ton, with insufficient support for raw material costs and weak support for cyclohexane market costs. The downstream negotiation atmosphere was cold, and the trading atmosphere was cold. As of May 16th,  there were not many inquiries on the market, mainly small orders, and the cyclohexane market was slowly consuming inventory.

Chemical index: On May 15th, the chemical index was 871 points, unchanged from the previous day, a decrease of 37.79% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 45.65% 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 the upstream cost support was limited, and downstream demand was lower than expected. 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.

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