1、 Price trend
According to data monitored by Shengyi Society, as of November 11th, the average price of domestic industrial grade high-quality cyclohexane was 7000 yuan/ton. This week, the price of cyclohexane remained stable, with insufficient upward momentum.
2、 Market analysis
In terms of market: This week, the focus of negotiations in the cyclohexane market remained stable, with prices fluctuating slightly and overall market price fluctuations being relatively small. As the main production area, Shandong Province currently has a loose supply of cyclohexane in the market, with high brand competition pressure and downstream essential procurement as the main source. The driving force for price increases is insufficient.
Upstream pure benzene: The fluctuation range of upstream pure benzene prices is limited, and the support for the cyclohexane market is average. On November 10th, pure benzene prices fluctuated strongly, downstream demand was weak, and the overall market was mainly under pressure.
In terms of demand: The downstream demand for cyclohexane is not ideal, and the demand for caprolactam market is flat. The main demand is for essential purchases, and the willingness to purchase is not strong. The cyclohexane market maintains growth in traditional fields, while emerging fields bring growth points.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that in the short term, the cyclohexane market will mainly experience narrow consolidation, and prices will maintain their current trend.