Insufficient Positive Factors, This Week's Cyclohexanone Market in Shandong Narrowly Decreased

November 06, News

According to the commodity market analysis system, on November 6th, the factory price of cyclohexanone in Shandong region, China, was 6,300 CNY/ton. Compared to November 1st (when the cyclohexanone price was 3,500 CNY/ton), the price decreased by 50 CNY/ton, a decrease of 0.79%.

Fundamentals are weak; in the first week of November, the cyclohexanone market in Shandong, China, saw a slight downward adjustment.

From the commodity market analysis system, it can be seen that during the first week of November (11.1-11.6), the cyclohexanone market in Shandong, China, showed a slight downward trend overall. During the week, the negotiation focus for cyclohexanone continued to shift towards the lower end, with some factories in Shandong reducing the ex-factory price of cyclohexanone by 50 CNY/ton. As of November 6th, the ex-factory price of cyclohexanone in the Shandong region was around 6250-6350 CNY/ton.

Market Factor Analysis

Supply and Demand: Entering November, the overall supply-demand contradiction in the cyclohexanone market in Shandong, China still exists. The demand side transmission is poor, with general demand performance. The supply side is generally loose, and the supply-demand transmission is slow, providing insufficient support to the market, which lacks positive guidance.

Cost Perspective: The pure benzene market at the raw material end experienced volatile trading, resulting in unstable cost support for cyclohexanone. As of November 6, data showed that the benchmark price for pure benzene was 5,218.67 CNY per ton, up 0.9% from November 1 (5,172 CNY/ton).

Future Market Analysis

Currently, the trading atmosphere for cyclohexanone in Shandong is light, with some bearish sentiment in the market. Downstream demand is cautious, and cyclohexanone analysts predict that in the short term, the cyclohexanone market in China will mainly see a weak and consolidating trend. Specific developments will still need to be monitored based on changes in supply and demand.