Price trend

According to data monitored by SunSirs, as of May 24th, the average price of industrial grade premium cyclohexane in China was 7,433.33 RMB/ton. This week, cyclohexane prices remained stable, with no significant fluctuations. As of May 24th, the support for raw material cost prices was average, and the cyclohexane market was mainly stable in the short term.

Analysis review

The market price of cyclohexane remained stable this week, with limited overall price fluctuations. As of May 24th, 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 24th,  there were not many inquiries on the market, mainly small orders, and the cyclohexane market was slowly consuming inventory.

Chemical index: On May 23, the chemical index was 869 points, a decrease of 2 points 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 8, 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.