1、 Price trend
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According to data monitored by Shengyi Society, as of December 6th, the average price of industrial grade high-quality cyclohexane in China was 7700 yuan/ton. As of December 6th, the domestic cyclohexane market has been operating narrowly and weakly, with market transaction prices maintained at around 7500 yuan/ton. This week, the overall market for cyclohexane has risen narrowly, with prices increasing by 0.76% compared to the same period last week. Currently, there is sufficient spot supply of cyclohexane, and the market supply and demand are balanced.
2、 Market analysis
In terms of cost: Currently, upstream pure benzene shipments are good, with prices showing a narrow but strong trend. Prices in Shandong have slightly increased, while pure benzene nationwide has seen slight growth. Currently, downstream market demand is still acceptable, with pure benzene transaction prices around 7500 yuan/ton. Pure benzene negotiation prices in the East China region continue to be high, and the trend is consolidating. The listing prices of main manufacturers have all increased. Currently, the supply in the market is tight, and downstream demand remains strong. It is expected that the focus of negotiations will continue to shift upward in the short term.
Downstream: This week, the price of cyclohexanone, a downstream product, has mainly risen. The supply and demand sides have shown signs of material numbers, and there is a slight tightness in the supply of spot goods. Inventory is running at a low level, and there is still reluctance to sell. High prices of cyclohexanone are frequent, and it is expected that the market position of cyclohexanone will continue to rise in the short term, mainly due to favorable costs in the early stages of consumption.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that there is currently some support in upstream prices, and downstream demand is good. It is expected that the cyclohexane market will maintain its current trend in the short term, with a stable to strong operation.
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