Negative Factors Pressuring, October Sees Falling Trends in Shandong Cyclohexanone Market

October 30, news

According to the commodity market analysis system, on October 30, the factory price of cyclohexanone in Shandong, China, was 6,350 CNY per ton. Compared to October 1 (when the cyclohexanone price was 6,900 CNY per ton), the price has decreased by 550 CNY per ton, a 7.97% reduction.

October Cyclohexanone Market Weakens, Trend Continues to Shift Towards Lower Levels

From the commodity market analysis system, it can be seen that since October, the cyclohexanone market in Shandong region of China has shown a normal weak downward trend. In the first ten days, during the holiday period, the market was calm with little change in the fundamentals. After the holiday, the cyclohexanone market cooled down and fell, with the negotiation focus continuously declining, decreasing by 3.62% in the first ten days. In the last ten days, the downward trend of the cyclohexanone market did not stop, continuing to adjust slightly downward, with inquiries still at a low level, decreasing by 1.5% in the last ten days. As of October 30th, the factory price of cyclohexanone in Shandong region is around 6,300-6,400 CNY per ton.

Analysis of Factors Affecting Market Conditions

Supply and Demand: Strong Supply and Weak Demand, Clear Struggle

In October, the cyclohexanone market experienced an overall abundance on the supply side, yet supply conditions remained under persistent pressure, with inventory levels easing only gradually. Downstream demand remained cautious, and the flow of demand into the market was insufficient, making it difficult for buyers to provide adequate support.

Cost Perspective: Costs Fluctuate Amid Softening Support

In October, the cost-driven market for pure benzene experienced volatile downward movements, leading to a loosening of cost support for cyclohexanone. As of October 29, data showed that the benchmark price for pure benzene was 5,155.33 CNY per ton, down 11.85% from 5,848.67 CNY per ton on October 1.

Market Outlook Analysis

Currently, the overall supply of cyclohexanone in the market remains relatively loose, with limited new orders from downstream. The cost support remains weak, and the overall positive support for the market is still insufficient. Cyclohexanone analysts predict that in the short term, the cyclohexanone market in Shandong Province will mainly operate within a range. Specific developments will require close attention to changes in supply and demand as well as cost factors.