Price trend

According to the Commodity Market Analysis System of SunSirs, on October 25th, the domestic cyclohexanone market price reference was 9,087 RMB/ton. On October 1st, the domestic cyclohexanone market price reference was 9,412 RMB/ton, with a price reduction of 325 RMB/ton, a decrease of 3.45%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that from October to present (10.1-10.25), the domestic cyclohexanone market has shown an overall trend of "rising first and then falling". Returning from the National Day holiday, the downstream of cyclohexanone experienced a phase of small stocking. Downstream demand had provided market support, and the supply side had also remained stable. With the support of supply and demand, the cyclohexanone market continued to rise. On October 9th, the cyclohexanone market rose to a high point of the month, with a price reference of around 9,600 RMB/ton.

However, with the downstream demand for cyclohexanone returning to calm and the raw material market falling, the support from the supply and demand sides for cyclohexanone had loosened, and the market situation had quickly begun to decline at a high level. In late October, there was still insufficient positive news in the cyclohexanone market, and the focus of market negotiations continued to shift downwards. As the end of the month approached, the cyclohexanone market stopped falling and stabilized. As of October 25th, the domestic cyclohexanone market price in Shandong region was around 9,050-9,100 RMB/ton.

Market outlook

As of October 25th, the overall supply and demand performance of cyclohexanone was weak and stable, with market consolidation and operation as the main focus. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly be stable with small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.

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