Cyclohexane Market Maintains Overall Supply-Demand Balance in China

March 31 News

I. Price Trends

According to the monitored data, as of March 31, the average price of premium industrial-grade cyclohexane in China was 7,400 CNY per ton. Recently, the market supply and demand have been relatively balanced, showing a trend of steady increase. In the short term, it is expected to mainly maintain a stable and narrow range.

II. Market Analysis

Market Perspective: Currently, the market as a whole is characterized by "supply exceeding demand and high inventory levels." Downstream industries such as coatings and textiles are experiencing a slow recovery in demand, with purchasing activities driven primarily by immediate needs rather than large-scale restocking. Price Trends: Although export opportunities remain, China's supply pressure remains significant. In the short term, the market is expected to maintain a pattern of "stable prices and narrow-range consolidation." Major Applications: Cyclohexane is mainly used for the production of cyclohexanol and cyclohexanone, which in turn find applications in nylon, coatings, synthetic fibers, and other fields.

On the demand side: The operating rates in the downstream nylon industry chain remain low, putting downward pressure on profits and suppressing raw material prices. Although export demand from regions such as Southeast Asia and the Middle East has been growing relatively rapidly, overall export volumes have declined year-on-year, failing to effectively ease supply pressures in China. Medium-term support: Favorable factors include policy measures and industry chain upgrades. Against the backdrop of the "dual carbon" goals and increasingly stringent environmental policies, outdated production capacities are facing elimination, leading to a rise in industry concentration, which will help improve the supply-demand balance.

III. Future Market Forecast

The cyclohexane analyst believes: In the short term, the cyclohexane market in China will maintain its current trend, with prices mainly stable.