Price trend

According to the Commodity Market Analysis System of SunSirs, on March 20th, the reference price of cyclohexanone in the domestic market in Shandong was 8,300 RMB/ton. Compared with March 16th, the reference price of cyclohexanone in the domestic market was 8,375 RMB/ton, with a price reduction of 75 RMB/ton, a decrease of 0.90%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that this week, the cyclohexanone market in Shandong Province, China, has shown a downward trend. During the week, trading in cyclohexanone was light, and the focus of market negotiations shifted downwards, with an adjustment range of around 50-100 RMB/ton. As of March 14th, the reference market price for cyclohexanone in Shandong region was around 8,250-8,400 RMB/ton.

Market influencing factors

In terms of supply and demand: During this week, the overall demand order follow-up in the downstream chemical fiber market of cyclohexanone was relatively slow, and the demand was initially weak. Some cyclohexanone factories had certain pressure on the supply side, and the transmission between supply and demand is loose, and the game was gradually emerging.

In terms of cost: The weak market for benzene on the raw material side has loosened the cost support for cyclohexanone. As of March 19th, the reference price for benzene was 6,859.67 RMB/ton, a decrease of 8.76% compared to March 1st (7,518 RMB/ton).

Market outlook

As of March 20th, the overall trading atmosphere in the cyclohexanone market in Shandong was relatively weak, and downstream users were cautious in their stocking and procurement operations. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly be weaker, and specific changes in supply and demand information need to be closely monitored.

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