SunSirs: Limited Support, the Recent Cyclohexanone Market Declined Weakly
November 08 2024 09:29:56 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, on November 7th, the domestic cyclohexanone market price reference was 8,575 RMB/ton. On November 1st, the domestic cyclohexanone market price reference was 8,837 RMB/ton, with a price reduction of 262 RMB/ton, a decrease of 2.97%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that this week (11.3-11.7), the overall domestic cyclohexanone market showed a weak downward trend. During the week, the cyclohexanone market continued to move towards a low level, and the focus of transaction negotiations decreased. As of November 7th, the cyclohexanone market price in Shandong region was around 8,450-8,500 RMB/ton, and the cyclohexanone market price in southern China region was around 8,700-8,750 RMB/ton.
In terms of supply: As of November 7th, the supply side of cyclohexanone was relatively stable, and there was little change in the overall operation of the supply side, which provided moderate support for the cyclohexanone market.
On the demand side: Recently, the downstream demand market for cyclohexanone had shown cautious performance, with a relatively light overall inquiry atmosphere. Most new orders were for urgent replenishment, and the support given to cyclohexanone on the demand side was limited.
Downstream product CPL: As entered November, the market for CPL, a downstream product of cyclohexanone, continued to decline, with the market center continuously exploring. As of November 6th, the reference price of CPLwas 10,666.67 RMB/ton, a seven day decline of 4.78%.
Market outlook
As of November 7th, the trading atmosphere in the cyclohexanone market was poor, with a strong wait-and-see attitude and a general mentality among industry players. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate within a narrow range, 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.
