Demand Falls Short of Expectations, Shandong Cyclohexanone Market Trending Downward

September 28, News

According to the commodity market analysis system, on September 28, the factory price of cyclohexanone in Shandong region, China, was referenced at 6,900 CNY/ton. Compared with September 1 (when the price of cyclohexanone was referenced at 7,087 CNY/ton), the price decreased by 187 CNY/ton, a drop of 2.65%.

"Golden September Effect" Fails to Materialize as Cyclohexanone Market Shifts Lower

According to the commodity market analysis system, in September, the cyclohexanone market in Shandong region of China showed an overall downward trend. In the early part of the month, the cyclohexanone market was relatively stable with little fluctuation, and the supply and demand situation was quite calm, leading to a weak consolidation in the market. Entering the latter part of the month, the cyclohexanone prices in Shandong began to fall, with the negotiation focus gradually declining, and the total reduction amounting to around 150-200 CNY per ton. As of September 28th, the factory price of cyclohexanone in Shandong region of China was approximately between 6850-6950 CNY per ton.

Analysis of Market Influencing Factors

Demand Side: In September, downstream demand for cyclohexanone as a whole fell short of expectations. Ahead of the two major holidays, downstream users showed only moderate purchasing activity before the festive period, resulting in overall weak demand for cyclohexanone and insufficient support for market prices.

Supply aspect: In September, the overall supply end of the cyclohexanone market in Shandong, China, showed a loose performance, with slow demand transmission. The overall supply pressure in the market was difficult to reduce, and factories were actively shipping goods, with negotiation prices continuously moving downward. Therefore, in September, the support provided by the supply end to the cyclohexanone market remained weak.

Market Outlook Analysis

Currently, as the end of the month approaches, the trading atmosphere in the cyclohexanone market is mild, with downstream sectors purchasing according to their needs. The market supply is relatively stable. Cyclohexanone data analysts predict that after the holiday, the cyclohexanone market in Shandong Province will mainly experience slight adjustments. Specific developments will require close attention to changes in supply and demand dynamics.