Fundamental calm, Shandong cyclohexanone market consolidates and operates

August 13th, news:

According to the commodity market analysis system, on August 13, the factory price of cyclohexanone in Shandong, China, was 7187 CNY/ton, basically unchanged compared to August 9. Compared to August 1 (when the cyclohexanone price was 7262 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 this week, the cyclohexanone market in Shandong region of China has been operating steadily. During the week, there were no significant changes in the fundamentals of the cyclohexanone market, with supply and demand remaining relatively stable. The overall market has been consolidating, and as of August 13th, the reference price for cyclohexanone in the Shandong region was around 7,150-7,200 CNY per ton.

Fundamental Situation

Supply and Demand: Currently, the supply of cyclohexanone in China is ample, with some pressure on supply, providing limited support to cyclohexanone overall. In terms of demand, the downstream demand for cyclohexanone is still mainly characterized by rigid demand procurement, and the overall supply and demand chain shows a relatively loose situation.

Cost Aspect: Currently, raw material costs are fluctuating at a relatively high level, putting some cost pressure on cyclohexanone. As of August 12, the reference price for benzene was 6,158.67 CNY/ton, an increase of 1.37% compared to August 1 (6,075.33 CNY/ton).

Future Market Analysis

Currently, the trading atmosphere in the cyclohexanone market in Shandong region is moderate, with cautious sentiment among industry players. Cyclohexanone data analysts predict that in the short term, the cyclohexanone market in Shandong, China, will mainly operate within a range, with specific developments requiring close attention to changes in supply and demand dynamics.