SunSirs: The Cyclohexane Market Remained Stable on December 10th
December 11 2024 15:07:49 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 10th, the average price of industrial grade high-quality cyclohexane in China was 7,700 RMB/ton. As of December 10th, the domestic cyclohexane market was operating steadily, with transaction prices remaining at around 7,700 RMB/ton. The cyclohexane market supply was sufficient, and follow-up was cautious, with a strong atmosphere of cautious observation downstream.
Analysis review
In terms of cost: As of December 10th, the upstream benzene had rebounded after a decline, while the downstream rigid demand procurement was active, with contracts for procurement within the month supported by favorable macro policies. The downstream buying potential was still acceptable, and it is expected that prices will be stronger in the short term.
Downstream: As of December 10th, the low prices of cyclohexanone in the South China market had decreased, and downstream purchases were being made on demand. The supply of spot goods in the market had also decreased, resulting in frequent high prices. In the short term, prices are expected to be stronger.
Market outlook
The cyclohexane analyst from SunSirs believes that there was price support in the upstream temporarily and a positive purchasing atmosphere in the downstream. It is expected that the cyclohexane market will maintain its current trend in the short term.
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