SunSirs: The Market Price of Cyclohexane Remained Stable This Week (December 20-27)
December 30 2024 09:52:57 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 27th, the average price of domestic industrial grade high-quality cyclohexane was 7,766.67 RMB/ton. This week, the cyclohexane market remained stable with no significant price changes. As of December 27th, the market transaction price remained at around 7,800 RMB/ton. The overall market supply and demand of cyclohexane this week were balanced, and the price remained stable compared to the same period last week. As of December 27th, there was sufficient spot supply of cyclohexane, and manufacturers mainly offered discounts and place orders.
Analysis review
In terms of cost: This week, the upstream benzene has been operating narrowly and weakly, with a significant decline in prices. Downstream demand has decreased, and the operating rate has decreased this week. Inventory has been running at a high level, with a small amount of backlog. The sentiment of holders still existed, and the trend will be maintained in the short term, with weak operation being the main focus.
Downstream: The price of downstream CPL was weak and declining, with average support from raw material costs. As of December 27th, the CPL plant was operating normally, inventory remains high, and downstream purchasing willingness was not high. The overall market trading atmosphere was insufficient, and there was a lack of momentum for recent price increases.
Market outlook
The cyclohexane analyst from SunSirs believes that As of December 27th, the upstream cost support for cyclohexane was insufficient, coupled with insufficient downstream demand. In the short term, the upward momentum of cyclohexane was insufficient, and the price will maintain its trend, mainly operating to be narrowly weaker.
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