This week, the cyclohexanone market in Shandong, China, has been on a downward trend

August 8th News

According to the commodity market analysis system, on August 8th, the factory price of cyclohexanone in Shandong region, China, was 7,187 CNY/ton. Compared to August 1st (when the price of cyclohexanone was 7,262 CNY/ton), the price decreased by 75 CNY/ton, a decrease of 1.03%.

From the commodity market analysis system, it can be seen that in the first week of August, the cyclohexanone market in Shandong region of China showed an overall weak downward trend. In the first few days of the month, the cyclohexanone market in Shandong was relatively weak and stable, with little adjustment in the fundamentals. On the 7th, a major manufacturer in Shandong lowered the price of cyclohexanone by 100 CNY per ton. The price adjustment by the major manufacturer led to a slight decline in the market trend. As of August 8th, the reference price for cyclohexanone in the Shandong region was around 7150-7200 CNY per ton.

Fundamental Situation

Supply and Demand: In August, the overall supply of cyclohexanone in the Chinese market is sufficient, but some factories face certain supply pressures, leading to inadequate support for cyclohexanone prices from the supply side. In terms of demand, currently, downstream users of cyclohexanone are mainly purchasing based on their needs, and there is no significant positive support for the demand side.

Cost Aspect: Currently, the market price of benzene, the raw material for cyclohexanone, has been fluctuating and rising, putting some cost pressure on cyclohexanone, causing it to operate under pressure. As of August 7, the reference price of benzene was 6125.33 CNY/ton, an increase of 0.82% compared to August 1 (6075.33 CNY/ton).

Future Market Analysis

Currently, the cyclohexanone market in Shandong is experiencing a lukewarm trading atmosphere, with average sentiment among industry players. Cyclohexanone analysts predict that in the short term, the cyclohexanone market in Shandong, China, will mainly operate within a range, with specific developments depending on changes in supply and demand dynamics.