Insufficient Positive Factors, Shandong Cyclohexanone Market Weakly Declines in August

August 27 update

According to the commodity market analysis system, on August 27, the factory price of cyclohexanone in Shandong, China, was 7,087 CNY per ton. Compared to August 1 (when the price of cyclohexanone was 7,262 CNY per ton), the price decreased by 175 CNY per ton, a decrease of 2.41%.

From the commodity market analysis system, it can be seen that in August, the cyclohexanone market in Shandong region of China showed an overall weak downward trend. During the month, the focus of the Shandong cyclohexanone market moved downward while consolidating, with the negotiation focus gradually declining. As of August 27, the reference price for cyclohexanone in the Shandong region of China was around 7,050-7,150 CNY/ton.

Factors Affecting Market Trends

Supply and Demand: In August, the overall supply of cyclohexanone in Shandong remained largely unchanged, with stable performance from suppliers. However, downstream demand was lackluster, and downstream buyers were cautious in their stockpiling and purchasing. The transmission between supply and demand was slow, resulting in weak support for the cyclohexanone market in China.

Cost Perspective: In August, the pure benzene market—key raw material for cyclohexanone—experienced volatile yet stabilizing price movements, providing decent cost support for cyclohexanone. As of August 26, the benchmark price for pure benzene stood at 6,155.33 CNY per ton, representing a 1.32% increase compared to 6,075.33 CNY per ton on August 1.

Future Market Analysis

Currently, the cyclohexanone market trading atmosphere is mild, and the sentiment of industry players is average. Cyclohexanone data analysts predict that in the short term, the cyclohexanone market in China will mainly experience minor adjustments. Specific developments will require close attention to changes in supply and demand dynamics.