According to the Commodity Market Analysis System of Shengyi Society, on November 20th, the ex factory price of cyclohexanone in Shandong Province, China was reference 6312 yuan/ton. Compared with November 15th (cyclohexanone price reference 6200 yuan/ton), the price increased by 150 yuan/ton, a decrease of 1.81%.
This week, the cyclohexanone market in Shandong experienced an upward trend
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week (11.15-11.20), the overall cyclohexanone market in Shandong Province, China, showed a steady upward trend. The atmosphere inside the venue is still good, and the focus of market negotiations has shifted upwards. As of November 20th, the ex factory price of cyclohexanone in Shandong region is around 6300-6350 yuan/ton.
Analysis of Market Factors
On the supply side: This week, the supply of cyclohexanone has decreased, and the overall supply pressure of cyclohexanone has eased. Some are not willing to sell lower, and the sentiment of reluctance to sell and explore price increases is gradually rising. The overall market situation has rebounded.
In terms of demand: During the week, the overall demand for downstream cyclohexanone was still acceptable, with a focus on rigid demand.
In terms of cost: The pure benzene market on the cost side is fluctuating and declining, but it still puts some cost pressure on cyclohexanone.
Market analysis in the future
At present, the trading atmosphere in Shandong cyclohexanone market is mild, the mentality of industry players has improved, and the low prices in the market have decreased. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the cyclohexanone market in Shandong will mainly focus on consolidation and operation, and specific changes in product supply and demand need to be monitored.