Supply Reduction Leads to Steady Increase in Cyclohexanone Prices in Shandong, China

November 20th, according to the news

According to the commodity market analysis system, on November 20th, the factory price of cyclohexanone in Shandong, China was 6,312 CNY per ton. Compared to November 15th (when the price of cyclohexanone was 6,200 CNY per ton), the price increased by 150 CNY per ton, a decrease of 1.81%.

Note: The phrase "price decrease" in the original text seems to be a mistake, as the price actually increased. I have kept the original wording in the translation but highlighted that it might be an error.

This week, the cyclohexanone market in Shandong, China, has seen an upward trend.

From the commodity market analysis system, it can be seen that this week (11.15-11.20), the cyclohexanone market in Shandong region of China showed a steady upward trend. The market atmosphere was decent, and the focus of market negotiations moved upward. As of November 20th, the factory price of cyclohexanone in the Shandong region was around 6,300-6,350 CNY/ton.

Market Factor Analysis

Supply side: This week, the supply of caprolactam in the surrounding areas of China has decreased, alleviating the overall supply pressure. Some suppliers are not keen on selling at low prices, and a sentiment of holding back for higher prices is gradually emerging, leading to a general improvement in the market situation.

Demand Side: This week, downstream demand for cyclohexanone remained reasonably strong, with most of the demand driven by essential, immediate needs.

Cost Perspective: The cost of pure benzene in the market has been fluctuating downward, yet it continues to exert some cost pressure on cyclohexanone.

Future Market Analysis

Currently, the trading atmosphere for cyclohexanone in Shandong is mild, and the sentiment of industry players has improved, with fewer low-priced deals. Cyclohexanone data analysts predict that in the short term, the cyclohexanone market in Shandong will mainly focus on consolidation. Specific developments will still need to be monitored based on changes in the supply and demand dynamics of the product.