According to the Commodity Market Analysis System of Shengyi Society, on April 3rd, the reference price of cyclohexanone in the domestic Shandong region was 8212 yuan/ton, which was basically the same as March 27th. Compared with March 1st, the reference price of cyclohexanone in the domestic market was 8925 yuan/ton, which was a decrease of 713 yuan/ton, a decrease of 7.98%.
From the commodity market analysis system of Shengyi Society, it can be seen that in the first week of April, the cyclohexanone market in Shandong Province, China, mainly showed consolidation and operation. Entering April, the overall fluctuation of the cyclohexanone market is not significant, and there is a certain wait-and-see sentiment in the market. As of April 3rd, the cyclohexanone market price in Shandong region is around 7950-8300 yuan/ton.
Market influencing factors
In terms of demand, downstream demand for cyclohexanone continues to slow down, overall downstream operating rates are not high, and new chemical fiber orders are showing cautious performance. The overall support provided by the demand side to the market is still weak.
On the supply side: Currently, the overall supply of cyclohexanone in the Shandong market is relatively abundant, with loose supply performance, providing limited support for the cyclohexanone market.
In terms of cost: In early April, the strong performance of the pure benzene market on the raw material side provided some support for the cost of cyclohexanone. As of April 3rd, the reference price of pure benzene was 6659.67 yuan/ton, an increase of 25 yuan or 0.37% compared to March 31st (reference price of pure benzene was 6634.67 yuan/ton).
Market analysis in the future
At present, the effective support within the cyclohexanone market in Shandong is still insufficient. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will continue to consolidate and operate, and specific changes in supply and demand information need to be closely monitored.