Price trend
According to the Commodity Market Analysis System of SunSirs, on January 21st, the reference price of cyclohexanone in the domestic market in Shandong was 8,975 RMB/ton. Compared with the reference price of 8,800 RMB/ton on January 1st, the price increased by 175 RMB/ton, an increase of 1.99%.
Analysis review
From the Commodity Market Analysis System of SunSirs, it can be seen that from January to January 21st (1.1-1.21), the overall domestic cyclohexanone market showed a trend of "first falling and then rising". In the first ten days, the center of the cyclohexanone market in Shandong continued to decline, with light trading and insufficient market support. The center of cyclohexanone negotiations in the market fell. On January 10th, the cyclohexanone market price in Shandong was around 8,550-8,700 RMB/ton, a decrease of 2.56% in the first ten days.
In the mid to late stage, the cyclohexanone market in Shandong began to recover, with the rise in raw material prices providing cost support for cyclohexanone. Downstream stock preparation for cyclohexanone was gradually started before the holiday, and the overall demand side improved. With the help of favorable factors, the cyclohexanone market rebounded from low levels and the low prices gradually disappeared. As of January 21st, the market price of cyclohexanone in Shandong region was around 8,950-9,100 RMB/ton, with a 4.66% increase in the latter half of the year.
Market outlook
As of January 21st, the raw material side was fluctuating at a high level, providing stable cost support for cyclohexanone. As the Spring Festival approaching, downstream stocking of cyclohexanone was gradually coming to an end, and there was little fluctuation in the market. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market will mainly remain stable and operate, and more attention should be paid to changes in supply and demand.
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