Price trend

According to data monitored by SunSirs, as of October 31st, the average price of industrial grade high-quality cyclohexane in China this week was 7,833.33 RMB/ton. In October, cyclohexane prices were the main trend with a narrow upward range, rising by 2.17% for the whole month. As of October 31st, downstream demand was still acceptable, but upstream cost support was average. The mainstream market price was around 8,000 RMB/ton.

Analysis review

In terms of cost: As of October 31st, the cost support for cyclohexane was average, with upstream benzene stabilizing and consolidating. At the end of October, styrene prices rose, and the market price in Jiangsu was at 9,000 RMB/ton, with manufacturers maintaining a high level of operation. The weak operating price of benzene in Shandong was between 7,000-7,100 RMB/ton, and the overall market was stabilizing. The downstream purchasing atmosphere was average, and overall, upstream support for the cyclohexane market was average.

Market outlook

The cyclohexane analyst from SunSirs believes that it is expected that the market price of cyclohexane will remain stable to stronger in the short term.

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