Price trend

According to the Commodity Market Analysis System of SunSirs, on January 2nd, the reference price of cyclohexanone in the domestic market was 8,725 RMB/ton. Compared with the reference price of 8,850 RMB/ton on December 29th before the holiday, the price decreased by 125 RMB/ton, a decrease of 1.41%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that after New Year's Day, the domestic cyclohexanone market has once again approached a low level, with a weak downward trend. On the eve of the holiday, the cyclohexanone market has been continuously declining for more than half a month, and the focus of market negotiations continued to shift downwards. As the end of the month approached, the market stopped falling and stabilized, operating in a consolidating manner. However, after the holiday, the cyclohexanone market fell again, and the stable cost side market provided stable support for cyclohexanone. However, there was no obvious stocking enthusiasm on the downstream demand side, and the demand conversion was also slow. The overall positive support for cyclohexanone was insufficient. As of January 2nd, the domestic cyclohexanone market price reference was around 8,700-9,000 RMB/ton.

In terms of upstream benzene: On January 1st, the reference price of benzene was 7,234.67 RMB/ton, a decrease of 1.41% compared to December 1st (7,338.00 RMB/ton).

Market outlook

As of January 2nd, some downstream users of cyclohexanone had expectations of reduced production, and the overall downstream external procurement was weak. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market will mostly be weaker in consolidation, and specific changes in supply and demand need to be closely monitored.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.