1、 Price trend
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According to data monitored by Shengyi Society, as of September 26th, the average price of domestic industrial grade high-quality cyclohexane was 7200 yuan/ton, a decrease of 0.92% compared to the same period last week. Currently, the downstream demand for cyclohexane market is insufficient, and the upstream cost side lacks support. Operators are cautious and watching.
2、 Market analysis
Market wise: Currently, the cyclohexane market is mainly operating steadily, with a small range of price fluctuations. The precipitation method is maintained at around 6000 yuan/ton, and the range of price changes is limited. Currently, the focus of negotiations in the domestic cyclohexane market is stable. The operating 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 a slight decline as of September 26th. The trading atmosphere is flat, and cost support is poor. It is expected to maintain the current trend in the short term,.
Downstream: The downstream cyclohexanone market is mainly operating in a narrow and strong range. As of September 26th, the cyclohexanone market in East China has been fluctuating, with stable cost support. The downstream inquiry atmosphere is average, and market prices are fluctuating. The East China market is priced at 7100 yuan/ton, and downstream high prices are cautiously followed up, with cold market high price transactions.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the current atmosphere of cyclohexane market negotiations is bleak, with slow overall market shipments, high inventory levels, and insufficient room for price increases.
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