Price trend
According to the business data analysis system of SunSirs, on January 22, 2025, the ex-factory price of cyclohexanone in Shandong, China, was approximately 6,550 RMB/ton, an increase of 250 RMB/ton (3.97%) compared to January 13th; and an increase of 163 RMB/ton (3.15%) compared to January 1st (when the reference price of cyclohexanone was 6,387 RMB/ton).
In late January, the cyclohexanone market in Shandong province experienced a steady upward trend
According to the commodity price analysis system of SunSirs, in late January, the Shandong cyclohexanone market experienced a steady upward trend. The negotiation focus for cyclohexanone prices continuously increased, with cumulative price increases of 200-300 RMB/ton, reaching a high point for the month before stabilizing. On January 22nd, the reference price for cyclohexanone in the Shandong market was around 6,550-6,600 RMB/ton.
Analysis of key influencing factors
In terms of costs: In late January, the market price of benzene, the raw material for cyclohexanone, continued to rise, providing increasing cost support for cyclohexanone. Driven by these rising costs, the price of cyclohexanone steadily moved towards higher levels.
Demand-wise: Recently, downstream demand for cyclohexanone has mostly been based on need-based purchasing, and the demand side has remained relatively stable. With the approaching Spring Festival, the overall downstream demand is expected to provide better support to the market.
Supply side: Cyclohexanone supply was tightening slightly. Some cyclohexanone plants in Shandong province entered a maintenance period, resulting in limited pressure on spot supply. This was providing some upward momentum to the market.
Market Outlook
As of January 22, the overall trading atmosphere in the Shandong cyclohexanone market was moderate. It is expected that there will be some restocking demand before the holidays, coupled with cost support. According to SunSirs' cyclohexanone data analyst, the price of cyclohexanone is expected to fluctuate within the range of 6,500-6,600 RMB/ton in the short term, with a low probability of significant fluctuations. Further attention should be paid to changes in supply and demand.
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