SunSirs: Cost Supported, Cyclohexanone Market Welcomed Recovery and Operation
November 26 2024 09:08:30 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, on November 22nd, the domestic cyclohexanone market price reference was 8,525 RMB/ton. On November 17th, the domestic cyclohexanone market price reference was 8,400 RMB/ton, with a price increase of 125 RMB/ton, an increase of 1.49%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that this week (11.17-11.22), the domestic cyclohexanone market had experienced a slight recovery. At the beginning of the week, the cyclohexanone market was in a state of consolidation and operation, with little fluctuation in the market. As the weekend approached, the focus of negotiations in the cyclohexanone market had begun a slight upward adjustment. Cyclohexanone factories and suppliers in Shandong, East China, and Inner Mongolia raised the shipment price of cyclohexanone by about 100 RMB/ton. As of November 22, the reference market price for cyclohexanone in Shandong region was around 8,550-8,700 RMB/ton, in East China region it was around 8,800-8,900 RMB/ton, and in South China region it was around 8,900 RMB/ton.
In terms of cost: Recently, the market situation for benzene, the raw material for cyclohexanone, has shown an upward trend. The cost side has gradually strengthened the support for cyclohexanone, and the cyclohexanone market has risen along with the trend.
In terms of supply and demand: As of November 22, the supply side of cyclohexanone remained stable, and downstream users of cyclohexanone mainly continue to purchase on demand, with little overall change in the demand side.
Market outlook
As of November 22, the trading atmosphere in the cyclohexanone market was quiet and mild, and the mentality of the industry was normal. The transmission between supply and demand was still acceptable. The cyclohexanone data analyst from SunSirs predicts that in the short term, the domestic cyclohexanone market will mainly adjust its range slightly, and specific changes in supply and demand information need to be closely monitored.
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