Insufficient Support, Shandong Cyclohexanone Market in Decline

October 13, news

According to the commodity market analysis system, on October 13, the factory price of cyclohexanone in Shandong, China, was referenced at 6750 CNY/ton. Compared to October 1 (when the cyclohexanone price was referenced at 6900 CNY/ton), the price decreased by 150 CNY/ton, a 2.17% decrease. Compared to September 1 (when the cyclohexanone price was referenced at 7087 CNY/ton), the price decreased by 337 CNY/ton, a 4.76% decrease.

Post-holiday market conditions were poor, and cyclohexanone prices weakened.

From the commodity price analysis system, it can be seen that after the National Day holiday in October, the cyclohexanone market in Shandong, China, has been performing weakly. Some cyclohexanone factories and suppliers in Shandong have reduced their ex-factory prices by about 100 CNY per ton. As of October 13, the reference price for cyclohexanone in the Shandong region is around 6,700 to 6,800 CNY per ton.

Analysis of Market Influencing Factors

Demand aspect: Currently, the downstream demand for cyclohexanone is average, with limited new orders from chemical fiber users, and the support from the demand side also shows signs of weakening.

Supply aspect: Currently, the overall supply of cyclohexanone in Shandong, China is sufficient, with the supply side operating under pressure, lacking support for the market.

Cost Perspective: After the holiday period, the price of raw material pure benzene experienced volatile downward movements, weakening cost support for cyclohexanone. According to data monitoring systems, on October 13, the benchmark price for pure benzene was 5,662 CNY per ton, down 3.36% from October 1 (5,848.67 CNY per ton).

Market Outlook Analysis

Currently, the trading atmosphere in the cyclohexanone market is relatively weak, and the sentiment of industry players is average. The transmission between supply and demand is rather slow. Cyclohexanone data analysts believe that in the short term, it is expected that the cyclohexanone market in Shandong, China will mainly operate in a weak consolidation, and specific developments still require close attention to changes in supply and demand information.