Cost Push: Shandong Cyclohexanone Market Rises Recently

January 22nd, according to news,

According to the commodity market analysis system, on January 22, 2025, the factory price of cyclohexanone in Shandong, China, was 6,550 CNY/ton. Compared to January 13, the price increased by 250 CNY/ton, a 3.97% increase; compared to January 1 (when the cyclohexanone price was 6,387 CNY/ton), the price increased by 163 CNY/ton, a 3.15% increase.

Late January Cyclohexanone market in Shandong steadily increased

From the commodity market analysis system, it can be seen that in late January, the cyclohexanone market in Shandong, China, experienced a steady upward trend. The negotiation focus for cyclohexanone prices was continuously adjusted upwards, with a cumulative increase of 200-300 CNY/ton, reaching the highest point of the month and then stabilizing. On January 22, the reference price for cyclohexanone in Shandong, China, was around 6550-6600 CNY/ton.

Analysis of Core Impact Factors

Cost Aspect: In late January, the market price of pure benzene—the raw material for cyclohexanone—continued to rise, providing increasingly strong cost support for cyclohexanone. Driven by rising costs, cyclohexanone prices have steadily moved closer to higher levels.

Demand aspect: Recently, the downstream demand for cyclohexanone in China has mostly been procurement based on need, with a relatively stable performance from the demand side. As the Spring Festival approaches, the overall expectation is for improved market support from the downstream demand side.

Supply side: The supply of cyclohexanone has tightened slightly. Some cyclohexanone plants in Shandong Province have entered a maintenance period, resulting in limited spot supply pressure. This has provided some upward momentum to the market.

Market Outlook Analysis

Currently, the overall trading atmosphere in the cyclohexanone market in Shandong is moderate. It is expected that there will be a certain level of inventory replenishment demand before the holiday, coupled with cost support. Cyclohexanone analysts predict that in the short term, the price of cyclohexanone will fluctuate within the range of 6,500-6,600 CNY/ton, with a low possibility of significant fluctuations. More attention should be paid to changes in supply and demand dynamics.