Fundamentals Weak, Shandong Cyclohexanone Market Declines in Early November in China

November 12, News

According to the commodity market analysis system, on November 12th, the factory price of cyclohexanone in Shandong region, China, was 6,250 CNY/ton. Compared to November 1st (when the cyclohexanone price was 6,350 CNY/ton), the price decreased by 100 CNY/ton, a 1.57% decrease.

In early November, the cyclohexanone market in Shandong, China, continued to decline.

From the commodity market analysis system, it can be seen that in the first half of November (11.1-11.12), the cyclohexanone market in Shandong, China, showed a weak downward trend. The atmosphere in the Shandong cyclohexanone market was poor, with limited fundamental support. The negotiation focus for cyclohexanone continuously adjusted to lower levels, with a cumulative adjustment of 50-150 CNY/ton within half a month. As of November 12th, the factory price of cyclohexanone in the Shandong region was around 6,200-6,300 CNY/ton.

Market Factor Analysis

Supply and Demand: In early November, the cyclohexanone market in Shandong had a relatively ample supply of spot goods. The supply side faced some pressure to sell, and overall, efforts were focused on maintaining low inventory levels, with sales mainly driven by offering discounts.

Demand Side: Currently, downstream demand for cyclohexanone is cautious, with most inquiry levels remaining low. Overall demand transmission remains weak, providing insufficient support for cyclohexanone prices.

Cost Perspective: Recently, the cost-side market for raw material pure benzene has experienced slight fluctuations and modest increases, still putting cost pressure on cyclohexanone. According to data, as of November 11, the benchmark price for pure benzene was 5,205.33 CNY per ton, up 0.64% from November 1 (5,172 CNY/ton).

Future Market Analysis

Currently, the trading atmosphere for cyclohexanone in Shandong is relatively weak, with a general sentiment among market participants. There is a strong wait-and-see attitude in the market, and downstream operators are cautious. The market lacks clear positive guidance. Cyclohexanone analysts predict that in the short term, the cyclohexanone market in Shandong will mainly see range-bound adjustments. Specific developments will depend on changes in supply and demand dynamics.