Price trend
According to the Commodity Market Analysis System of SunSirs, on April 11th, the reference price for cyclohexanone market in Shandong Province was 7,963 RMB/ton. Compared with April 6th (reference price for cyclohexanone market was 8,212 RMB/ton), the price decreased by 249 RMB/ton, a decrease of 3.04%.
From the Commodity Market Analysis System of SunSirs, it can be seen that this week, the domestic cyclohexanone market in Shandong Province has shown a weak and downward trend overall. During the week, the cyclohexanone market in Shandong Province experienced a downward trend, with the focus of cyclohexanone negotiations shifting towards lower levels. As of April 11th, the cyclohexanone market price in Shandong Province is expected to be around 7,900-8,100 RMB/ton.
Market influencing factors
In terms of supply and demand: As of April 11th, the supply side of cyclohexanone was stable, but downstream user demand was insufficient. Overall demand inquiries were cautious, and the transmission of supply and demand was slow and hindered. The market support for cyclohexanone provided by both supply and demand sides was lacking.
Cost side: This week, the raw material benzene market fluctuated at a low level, providing loose cost support for cyclohexanone. As of April 10th, the reference price of benzene was 6,135.33 RMB/ton, a decrease of 7.87% compared to April 1st (6,659.67 RMB/ton).
Market outlook
As of April 11th, the trading atmosphere in Shandong cyclohexanone market was light, and there was a strong wait-and-see sentiment. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate weakly, and more attention needs to be paid to the changes in supply and demand news.
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