SunSirs: The Market Price of Cyclohexane Was Running to Be Stronger This Week (November 28-December 6)
December 09 2024 09:11:42 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 6th, the average price of industrial grade high-quality cyclohexane in China was 7,700 RMB/ton. As of December 6th, the domestic cyclohexane market had been operating narrowly and weakly, with market transaction prices maintained at around 7,500 RMB/ton. This week, the overall market for cyclohexane had risen narrowly, with prices increasing by 0.76% compared to the same period last week. As of December 6th, there was sufficient spot supply of cyclohexane, and the market supply and demand were balanced.
Analysis review
In terms of cost: As of December 6th, upstream benzene shipments were good, with prices showing a narrow but stronger trend. Prices in Shandong have slightly increased, and benzene nationwide has seen slight growth. As of December 6th, downstream market demand was still acceptable, with benzene transaction prices around 7,500 RMB/ton. Benzene negotiation prices in the East China region continue to be high, and the trend was consolidating. The listing prices of main manufacturers have all increased. As of December 6th, the supply in the market was tight, and downstream demand remained strong. It is expected that the focus of negotiations will continue to shift upward in the short term.
Downstream: This week, the price of cyclohexanone, a downstream product, had mainly risen. The supply and demand sides had shown signs of material numbers, and there was a slight tightness in the supply of spot goods. Inventory was running at a low level, and there was still reluctance to sell. High prices of cyclohexanone were frequent, and it is expected that the market position of cyclohexanone will continue to rise in the short term, mainly due to favorable costs in the early stages of consumption.
Market outlook
The cyclohexane analyst from SunSirs believes that there was temporarily some support in upstream prices, and downstream demand was good. It is expected that the cyclohexane market will maintain its current trend in the short term, with a stable to stronger operation.
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