Price trend

According to the Commodity Market Analysis System of SunSirs, on February 21st, the reference price of cyclohexanone in the domestic market in Shandong was 9,175 RMB/ton. Compared with February 15th, the reference price of cyclohexanone in the domestic market was 9,200 RMB/ton, with a price reduction of 25 RMB/ton, a decrease of 0.27%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that this week (2.15-2.21), the overall market situation of cyclohexanone in Shandong Province, China, has experienced a narrow downward trend. At the beginning of the week, the cyclohexanone market remained stable, with decent support on the cost side and a relatively stable supply side. Downstream demand for essential purchases led to the consolidation and operation of the cyclohexanone market. As the weekend approached, downstream demand was gradually slowing down, and some cyclohexanone factories have reduced their cyclohexanone shipment prices by 50-100 RMB/ton to maintain low inventory levels. On February 21st, the market price of cyclohexanone in Shandong, China was around 9,150-9,400 RMB/ton.

Cost side: This week, the cost side raw material benzene fluctuated at a high level, providing stable cost support for cyclohexanone. On February 21st, the reference price of benzene was 7,829 RMB/ton, an increase of 3.66% compared to February 1st (7,553 RMB/ton).

Market outlook

As of February 21st, most of the on-site inquiries for cyclohexanone were for essential purchases, and the mentality of the industry is average. The transmission between supply and demand was weak and constant. The cyclohexanone data analyst from SunSirs believes that in the short term, the cyclohexanone market in Shandong, China, will mainly experience narrow adjustments in operation, and the specific trend still needs to pay more attention to the changes in supply and demand.

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