According to the Commodity Market Analysis System of Shengyi Society, on September 19th, the ex factory price of cyclohexanone in Shandong Province, China was referenced at 7000 yuan/ton. Compared with September 1st, the price decreased by 87 yuan/ton, and compared with August 1st (cyclohexanone price reference 7262 yuan/ton), the price decreased by 262 yuan/ton, a decrease of 3.61%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that in early September, the domestic cyclohexanone market in Shandong Province was mainly weak and consolidating, with relatively calm news on the market. Entering this week, the cyclohexanone market has been declining, with the focus of on-site negotiations shifting downwards, with a reduction of 50-100 yuan/ton. As of September 19th, the ex factory price of cyclohexanone in Shandong Province, China is around 6900-7000 yuan/ton.
Fundamental situation
In terms of supply and demand: Currently, the overall supply side of the cyclohexanone market has increased, and there is some pressure on supply. Factories are actively shipping, and downstream demand continues to be dominated by rigid procurement. The support provided by the demand side to the market is limited, and the transmission performance between cyclohexanone supply and demand is loose.
In terms of cost: Currently, the market for pure benzene on the cost side of cyclohexanone is fluctuating at a high level, and cost pressure still exists. The profit of cyclohexanone is under pressure. On September 18th, the reference price of pure benzene was 6048.67 yuan/ton, an increase of 1.23% compared to September 1st (5975.33 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is relatively weak, and the mentality of industry players is average. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the consolidation and operation of the domestic cyclohexanone market will dominate, and more attention should be paid to the stocking situation of downstream markets before the holiday, as well as changes in supply and demand news.