According to the Commodity Market Analysis System of Shengyi Society, on August 20th, the ex factory price of cyclohexanone in Shandong Province, China was referenced to 7187 yuan/ton, which was basically the same as August 9th. Compared with August 1st (cyclohexanone price reference 7262 yuan/ton), the price decreased by 75 yuan/ton, a decrease of 1.03%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week, the cyclohexanone market in Shandong Province, China, has been operating steadily. During the week, there was little change in the fundamentals of the cyclohexanone market, and the fluctuations between supply and demand were relatively calm. The market was overall organized and operated. As of August 20th, the cyclohexanone market price in Shandong was around 7050-7100 yuan/ton.
Fundamental situation
In terms of supply and demand: Currently, there is not much spot supply of cyclohexanone in the market, and the pressure on the supply side is relatively small. The supply side provides certain support to the market. In terms of downstream demand, currently, the downstream demand for cyclohexanone is average and cautious, and the overall transmission of cyclohexanone supply and demand is relatively slow.
In terms of cost: Currently, the cost side raw material pure benzene oscillates, providing stable cost support for cyclohexanone. As of August 19th, the reference price of pure benzene was 6158.67 yuan/ton, an increase of 1.37% compared to August 1st (6075.33 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market in Shandong is relatively weak, and the mentality of industry players is average. Downstream users are mostly first-time buyers. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market in Shandong will mainly focus on narrow range consolidation and operation, and specific changes in supply and demand information need to be closely monitored.