SunSirs: Insufficient Support, the Cyclohexanone Market in December First Rose and Then Fell

Price trend

According to the Commodity Market Analysis System of SunSirs, on December 26th, the domestic cyclohexanone market price reference was 8,900 RMB/ton. On December 1st, the domestic cyclohexanone market price reference was 8,950 RMB/ton, with a price reduction of 50 RMB/ton, a decrease of 0.56%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in December, the domestic cyclohexanone market as a whole showed a "first rise and then fall" operation. In the first half of the month, the overall market situation of cyclohexanone rose, and the high price of benzene on the raw material side provided enhanced cost support for cyclohexanone. The low-priced supply of cyclohexanone in the market decreased, and the market situation approached upward. On December 10th, the price of cyclohexanone rose to the highest point of the month, with a reference price of 9,162 RMB/ton, an increase of 2.37% in the first half of the month.

In the middle and late months, the cyclohexanone market fell from a high level, the raw material market slightly weakened, the cost support weakened, downstream users' purchasing enthusiasm was poor, high priced goods transactions were light, and the transmission between supply and demand was slow, resulting in a continuous decline in market conditions. On December 26th, the market price of cyclohexanone was referenced at 8,900 RMB/ton, with a decline of 2.86% in the latter half of the year.

In terms of upstream benzene: On December 25th, the reference price of benzene was 7,511.33 RMB/ton, an increase of 2.36% compared to December 1st (7338 RMB/ton).

Market outlook

As of December 26th, the supply of cyclohexanone market was abundant, and downstream demand was mainly based on on-demand procurement. The raw material end fluctuated between regions, and the cost support was relatively stable. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market will mainly consolidate to be weaker, and specific changes in supply and demand information need to be paid more attention to.

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