SunSirs: Insufficient Support, the Cyclohexanone Market in Shandong Has Been Declining Since April

Price trend

According to the Commodity Market Analysis System of SunSirs, on April 25th, the reference market price of cyclohexanone in Shandong Province, China was 7,636 RMB/ton. Compared with April 1st (reference market price of cyclohexanone was 8,212 RMB/ton), the price decreased by 536 RMB/ton, a decrease of 7%.

From the Commodity Market Analysis System of SunSirs, it can be seen that from April to now (4.1-4.25), the domestic cyclohexanone market in Shandong Province has shown an overall downward trend. During the month, the market price of cyclohexanone in Shandong has been continuously adjusted downwards, and the focus of negotiations has shifted towards lower levels. As of April 25th, the reference price for cyclohexanone market in Shandong was around 7,600-7,750 RMB/ton, with a price reduction of around 400-600 RMB/ton for the month.

Price influencing factors:

In terms of supply and demand: During the month, the overall trading atmosphere in the cyclohexanone market in Shandong was poor, with abundant supply on the supply side and slow overall market shipments. The supply side remained under pressure. In terms of downstream demand, the overall market support for cyclohexanone downstream demand was insufficient, and the downstream chemical fiber market was cautious in following up on new orders. The demand transmission was slow, and the contradiction between cyclohexanone supply and demand was intensifying.

In terms of cost: Since April, the raw material benzene market has fluctuated downward, providing insufficient cost support for cyclohexanone. As of April 24th, the reference price of benzene was 6,268.67 RMB/ton, a decrease of 5.87% compared to April 1st (6,659.67 RMB/ton).

Market outlook

As of April 25th, the trading atmosphere in the cyclohexanone market was light, and there was little change in the transmission between supply and demand. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market price will mainly operate in a range, and the specific trend still needs to pay more attention to the changes in supply and demand news.

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