Price trend                               

According to data monitored by SunSirs, as of September 6th, the average price of industrial grade high-quality cyclohexane in China this week was 7,833.33 RMB/ton. The price of cyclohexane remained stable this week, with slow overall market shipments and high inventory levels. As of September 6th, downstream demand was weak, terminal demand was not as expected, and downstream demand was weak. Downstream purchases were mainly for essential needs, and businesses were adopting a cautious and wait-and-see attitude.

Analysis review                      

In terms of cost, the fluctuation of upstream pure benzene prices was the main trend, with a weak decline. Crude oil prices had fallen, and buying gas had been stagnant. Recently, crude oil prices had continued to decline. According to industry insiders, the drop in oil prices to the lowest point of the year was mainly due to weak economic data, hindered exports, and other reasons.

Market outlook

The cyclohexane analyst from SunSirs believes that it is expected that the market price of cyclohexane will remain weak and stable in the short term, with insufficient cost support and passive downstream purchasing.

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