Price trend

According to the Commodity Market Analysis System of SunSirs, on April 17th, the reference market price of cyclohexanone in Shandong Province, China was 7,812 RMB/ton, a decrease of 114 RMB/ton compared to April 13th (reference market price of cyclohexanone was 7,926 RMB/ton).

From the Commodity Market Analysis System of SunSirs, it can be seen that this week (4.13-4.17), the domestic cyclohexanone market in Shandong Province showed an overall downward trend. During the week, the focus of the cyclohexanone market in Shandong continued to shift downwards, with a decrease of about 100-200 RMB/ton. As of April 17th, the cyclohexanone market price in Shandong was around 7,800-8,000 RMB/ton.

Market influencing factors

In terms of supply and demand: As of April 17th, the overall positive support for the cyclohexanone market was insufficient. In terms of demand, downstream demand for cyclohexanone has performed poorly, with cautious new order transactions and hindered demand transmission. On the supply side, due to the drag of demand, the overall market supply was under pressure, and cyclohexanone factories and suppliers were offering discounts for shipments, revealing the contradiction between supply and demand on site.

In terms of cost: Recently, the raw material benzene market has fluctuated in the low range, providing loose cost support for cyclohexanone. As of April 16th, the reference price of benzene was 6,405.33 RMB/ton, a decrease of 3.82% compared to April 1st (6,659.67 RMB/ton).

Market outlook

As of April 17th, the overall inquiry atmosphere in the cyclohexanone market in Shandong was relatively light, with cautious follow-up of downstream new orders and limited confidence among industry players. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market in Shandong will mainly consolidate to be weaker, and specific changes in supply and demand information need to be closely monitored.

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