Shandong Cyclohexanone Market Has Experienced Volatile Movements Since November

November 24, News

According to the commodity market analysis system, on November 24, the factory price of cyclohexanone in Shandong, China, was 6,350 CNY/ton, which is basically flat compared to November 1 (when the price of cyclohexanone was 6,200 CNY/ton).

Since November, the cyclohexanone market in Shandong, China, has been fluctuating with both increases and decreases.

From the commodity market analysis system, it can be seen that since November, the cyclohexanone market in Shandong, China has experienced a "first decline then rise" trend. Within the month, the cyclohexanone market has shown fluctuating increases and decreases. On November 24th, the factory price of cyclohexanone in Shandong was around 6,300-6,400 CNY per ton.

Lacking positive support, the cyclohexanone market in China fell in the first ten days of the month.

In the first ten days of the month, the cyclohexanone market in Shandong saw a decline. The supply and demand transmission for cyclohexanone was slow, with both supply and demand being weak, making it difficult to provide effective support to the market. During the early part of the month, the cyclohexanone market lacked clear positive support, leading to a continuous decline in market conditions. The negotiation focus in the market kept falling. On November 15, the price of cyclohexanone in Shandong reached the lowest point of the month, with the factory price at 6,200 CNY/ton, a decrease of 2.36% in the first ten days of the month.

Supply Provides Temporary Support; Cyclohexanone Prices Begin to Ease Off Their Mid-Month Peak

In late month, the overall supply of cyclohexanone in the market decreased, reducing the pressure from the supply side. Factories and suppliers had a strong expectation for price increases and were unwilling to sell at low prices. The cyclohexanone market in Shandong experienced a brief period of adjustment, with the market focus continuously rising. However, downstream demand remained cautious, and the demand side was unable to effectively transmit this. Some manufacturers slightly reduced the price of cyclohexanone, and the overall market situation returned to the level at the beginning of the month.

Market Outlook Analysis

Currently, the trading atmosphere for cyclohexanone in Shandong is moderate, with downstream buyers mainly purchasing according to their needs. Market sentiment is generally neutral. Cyclohexanone analysts believe that in the short term, the cyclohexanone market in Shandong will mainly fluctuate. Specific developments will require close attention to changes in supply and demand dynamics.