SunSirs: Cyclohexanone 'Fell First and Then Rose' in November
November 28 2024 15:42:45 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, on November 27th, the domestic cyclohexanone market price reference was 8,912 RMB/ton. On November 1st, the domestic cyclohexanone market price reference was 8,837 RMB/ton, with a price increase of 75 RMB/ton, an increase of 0.85%.
Analysis review
From the Commodity Market Analysis System of SunSirs, it can be seen that since November, the domestic cyclohexanone market has shown an overall trend of "first falling and then rising". In the first ten days, the cyclohexanone market showed a downward trend, with a light trading atmosphere in the cyclohexanone market and poor downstream demand performance. There was insufficient positive support in the market, and the focus of cyclohexanone continued to move towards a lower level. On November 8th, cyclohexanone fell to the lowest point of the month, with a price reference of 8,400 RMB/ton, a decrease of 4.95% in early month.
In the mid stage, as the cost situation rose, the support from the cost side for cyclohexanone gradually increased. However, the overall transmission of demand was still average, and the cyclohexanone market had stopped falling and stabilized, operating in a consolidation.
In the later stage, the cost side market continued to provide support for cyclohexanone, and the spot supply of cyclohexanone in the market was tight. The low-priced supply in the market gradually decreased, and the market situation rose at a low level. The market started to recover and the market center continued to rise. On November 27th, the domestic cyclohexanone market reference was around 8,800-9,100 RMB/ton.
Upstream: Since October 1st, the market for benzene in the upstream of cyclohexanone has shown an overall upward trend. As of November 26th, the reference price for benzene was 7,371.33 RMB/ton, an increase of 3.68% compared to November 1st (7,109.67 RMB/ton).
Market outlook
As of November 27th, the cost side market played a certain supporting role in the price of cyclohexanone market, and the downstream market as a whole maintains rigid demand. Some cyclohexanone factories had little inventory pressure. The cyclohexanone data analyst from SunSirs believes that in the short term, the cyclohexanone market will mainly rise in price, and the specific trend still needs to pay more attention to changes in supply and demand news.
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