Early January Cyclohexanone Market in Shandong Fluctuates

January 14 news

According to the commodity market analysis system, on January 14, 2025, the factory price of cyclohexanone in Shandong, China, was 6350 CNY/ton, which was basically flat compared to January 1; compared to December 1 (when the cyclohexanone price was 6387 CNY/ton), the price decreased by 37 CNY/ton, a decrease of 0.59%.

In early January, the cyclohexanone market in Shandong, China, showed a fluctuating trend of "initial stability - subsequent decline - and then a rebound."

From the commodity market analysis system, it can be seen that in the early January period, the cyclohexanone market in Shandong, China, showed a stable trend, with little fluctuation in the market, and the overall situation was in a sideways consolidation phase, with limited price elasticity in the market. On the 9th, the cyclohexanone market price in Shandong, China, made a slight downward adjustment, with the market price dropping to around 6,300 CNY per ton. The market then continued to consolidate, and on the 14th, supported by the cost side, the cyclohexanone market saw a rebound, with prices generally returning to the level at the beginning of the month. As of January 14th, the reference price for cyclohexanone in Shandong, China, was around 6,350-6,400 CNY per ton.

Analysis of Core Impact Factors

Cost Perspective: At the beginning of the month, raw material pure benzene experienced narrow fluctuations, providing relatively stable cost support for cyclohexanone. Subsequently, influenced by crude oil price volatility and weak downstream demand, the pure benzene market saw a slight decline, weakening the cost support for cyclohexanone production and prompting companies to passively lower their quotes in order to ensure sales volumes. Later, driven by the rebound in crude oil prices and manufacturers’ efforts to maintain prices, the pure benzene market began to recover, restoring cost support for cyclohexanone production, and companies took advantage of this trend to raise their quotes accordingly.

Supply and Demand: In early January, the overall supply of cyclohexanone in the Chinese market remained relatively stable. During the period when cyclohexanone prices were adjusted downward, downstream demand showed some improvement as buyers replenished their stocks at lower prices. After the cyclohexanone market rebounded, the recovery in demand was weak and steady.

Future Market Analysis

Currently, the trading atmosphere in the cyclohexanone market is mild, with pre-holiday stocking by downstream sectors not yet fully initiated. The overall supply and demand transmission in the market is weak and stable. Cyclohexanone data analysts predict that in the short term, the cyclohexanone market in Shandong Province will mainly exhibit a range-bound fluctuation. Specific developments will require close attention to changes in supply and demand dynamics.