Price trend
According to the Commodity Market Analysis System of SunSirs, on April 3rd, the reference price of cyclohexanone in the domestic Shandong region was 8,212 RMB/ton, which was basically the same as March 27th. Compared with March 1st, the reference price of cyclohexanone in the domestic market was 8,925 RMB/ton, which was a decrease of 713 RMB/ton, a decrease of 7.98%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that in the first week of April, the cyclohexanone market in Shandong Province, China, mainly showed consolidation and operation. Entering April, the overall fluctuation of the cyclohexanone market was not significant, and there was a certain wait-and-see sentiment in the market. As of April 3rd, the cyclohexanone market price in Shandong region was around 7,950-8,300 RMB/ton.
Price influencing factors:
In terms of demand, downstream demand for cyclohexanone continued to slow down, overall downstream operating rates were not high, and new chemical fiber orders were showing cautious performance. The overall support provided by the demand side to the market was still weak.
On the supply side: As of April 3rd, the overall supply of cyclohexanone in the Shandong market was relatively abundant, with loose supply performance, providing limited support for the cyclohexanone market.
In terms of cost: In early April, the strong performance of the benzene market on the raw material side provided some support for the cost of cyclohexanone. As of April 3rd, the reference price of benzene was 6,659.67 RMB/ton, an increase of 25 RMB/ton or 0.37% compared to March 31st (reference price of benzene was 6,634.67 RMB/ton).
Market outlook
As of April 3rd, the effective support within the cyclohexanone market in Shandong was still insufficient. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will continue to consolidate, and specific changes in supply and demand information need to be closely monitored.
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