1、 Price trend
According to data monitored by Shengyi Society, as of September 25th, the average price of domestic industrial grade high-quality cyclohexane was 7200 yuan/ton. Currently, the cyclohexane market is mainly stable, but downstream demand in the cyclohexane market is insufficient, and upstream cost support is average. Operators are cautious in their operations.
2、 Market analysis
Market wise: Currently, the cyclohexane market is mainly stable in operation, with limited price fluctuations. The focus of negotiations in the domestic cyclohexane market is to maintain stable operation. The equipment is running normally, with sufficient spot supply and downstream essential procurement as the main focus. The purchasing atmosphere is average, and the positive support from the supply side is not obvious. The market mentality is stable, and the operation is cautious. The wait-and-see attitude still exists, and the overall market operation is cautious.
Upstream: The upstream pure benzene market is currently operating steadily, with some companies raising prices. Qicheng Petrochemical’s pure benzene price has increased by 30 yuan/ton, with an execution of 5950 yuan/ton. Dongying Petrochemical’s pure benzene quotation has increased by 20 yuan/ton today, with an execution of 5950 yuan/ton. Currently, the pure benzene market is generally improving, and it is expected to operate steadily, moderately, and strongly in the short term.
Downstream: The downstream cyclohexanone market is mainly operating in a narrow and strong range. As of September 25th, the cyclohexanone market in South China is operating weakly, with stable spot supply and cautious follow-up of downstream high prices. High price transactions in the market are cold. The cyclohexanone market in East China is operating weakly, with a lack of cost support and poor high price transactions. Market prices are fluctuating and weakening, with 7100 yuan/ton in the East China market and weak cyclohexanone in Shandong market. Pure benzene is operating weakly, with average cost support. Downstream purchases are made according to demand, and the market is consolidating weakly.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the current demand for cyclohexane in the market is average, and overall market shipments are slow. There is still pressure on inventory.