1、 Price trend
On September 30th, the reference market price for cyclohexanone in Shandong was 10600 yuan/ton, which was an increase of 1400 yuan/ton or 15.22% compared to September 1st (reference price for cyclohexanone was 9200 yuan/ton).
In mid to early September, the cyclohexanone market in Shandong Province steadily rose and operated, with the focus of the cyclohexanone market constantly adjusting upwards. By mid month, the cyclohexanone market price had risen to around 10700 yuan/ton, an increase of over 16% compared to the beginning of the month. Subsequently, in late September, the market price of cyclohexanone in Shandong experienced a slight correction, but the extent of the decrease was limited. As the end of the month approached, the market rebounded again. By the end of the month, the overall cyclohexanone market in Shandong had closed at a high level. As of September 30th, the reference price for the cyclohexanone market in Shandong was around 10500-10700 yuan/ton.
2、 Analysis of Core Influencing Factors
In terms of cost: In September, the pure benzene market on the cost side of cyclohexanone showed an upward trend, and the cost side provided stable and strengthened support for cyclohexanone. With the support of raw materials, the market for cyclohexanone gradually rose.
In terms of supply and demand: In September, the supply side of cyclohexanone in Shandong performed relatively steadily, with the arrival of the Golden September and downstream users gradually starting to stock up. The overall supply and demand transmission performance of the cyclohexanone market was good, providing market support for bottoming out.
3、 Future forecast
At present, the trading atmosphere in the Shandong cyclohexanone market is mild, with cost support still present and a positive attitude among industry players. Business Society data analysts predict that in the short term, the Shandong cyclohexanone market will mainly operate at high levels with a strong bias. More attention needs to be paid to changes in supply and demand as well as cost side news.