August 11th, news:
I. Price Trends
According to the data monitoring system, on August 11, the market price of cyclohexanone in Shandong region of China was 8,650 CNY/ton. Compared to August 10 (when the reference price of cyclohexanone was 8,400 CNY/ton), the price increased by 250 CNY/ton, a price increase of 2.67%; compared to August 1 (when the reference price of cyclohexanone was 8,800 CNY/ton), the price decreased by 150 CNY/ton, a price decrease of 1.70%.
In early August, the cyclohexanone market in Shandong, China, showed a continuous downward trend due to insufficient market support. The market prices kept moving towards lower levels. On August 11th, with improvements in both cost and demand, the cyclohexanone market in Shandong began to recover, and the market focus shifted upward, with an adjustment of about 200-300 CNY per ton. As of August 11th, the reference price for cyclohexanone in Shandong was around 8,600-8,700 CNY per ton.
2. Analysis of Core Influencing Factors
Cost aspect: The market for pure benzene, which is a cost factor for cyclohexanone, has been fluctuating frequently. Currently, the price of pure benzene has rebounded from a low point, providing stronger cost support for cyclohexanone. As a result, the market for cyclohexanone has adjusted upward along with the raw material prices.
Supply and Demand: Currently, the facility utilization rate for cyclohexanone in China has not changed much, with operating rates and production levels remaining largely the same as the previous week. Downstream demand has seen a slight improvement, with rigid demand procurement and some periodic restocking, leading to an overall improvement in the supply and demand dynamics. This has provided some momentum for market price recovery.
3. Future Market Forecast
Currently, the cyclohexanone market in Shandong, China, is experiencing a moderate trading atmosphere. The supply of cyclohexanone remains stable, with downstream buyers primarily making purchases based on their immediate needs. It is expected that in the short term, the cyclohexanone market in Shandong will mainly fluctuate within a certain range. More attention should be paid to changes in supply and demand as well as cost factors.
