SunSirs: Negative Factors Hit, and the Cyclohexanone Market Fell Weakly
December 20 2024 13:45:34 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, on December 20th, the domestic cyclohexanone market price reference is 9,000 RMB/ton. On December 15th, the domestic cyclohexanone market price reference was 9,125 RMB/ton, with a price increase of 125 RMB/ton, a decrease of 1.37%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that this week (12.15-12.20), the domestic cyclohexanone market has been weak and declining. In the first ten days, the cyclohexanone market gradually rose, with a decrease in low-priced supply and a high market price. Entering this week, the cyclohexanone market has fallen from a high level, and the market focus continues to decline. As of December 20th, the domestic cyclohexanone market price in Shandong is around 9,000 RMB/ton, and the cyclohexanone market price in South China is around 9,250 RMB/ton.
On the demand side: Currently, downstream users of cyclohexanone are showing a decrease in purchasing enthusiasm, and are gradually becoming resistant to high priced goods. The overall market transmission is slow, and the support provided by the demand side for cyclohexanone is loose.
Supply side: Currently, the tight supply situation in the cyclohexanone field has eased, and the transmission from the supply side has slowed down, providing weak support to the market.
In terms of cost: Currently, the market for pure benzene on the raw material side has slightly weakened, and the cost support for cyclohexanone has also weakened compared to the previous period.
In terms of upstream benzene: On December 19th, the reference price of benzene was 7,556.33 RMB/ton, an increase of 2.98% compared to December 1st (7,338 RMB/ton).
Market outlook
At present, the overall trading atmosphere in the domestic cyclohexanone market is light, and there is a certain wait-and-see sentiment in the market. The market is weak and consolidating. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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