September 2nd news
I. Price Trends
According to the data monitoring system, on September 2nd, the cyclohexanone market price in Shandong region of China was 9700 CNY/ton, compared to August 31st (cyclohexanone reference price 9200 CNY/ton), the price increased by 500 CNY/ton, a price increase of 5.43%.
At the beginning of September, the cyclohexanone market in Shandong, China, welcomed a "red-hot" trend. From the 1st to the 2nd, the price of cyclohexanone continuously approached higher levels, with the market focus constantly rising. The cumulative increase was around 400-600 CNY per ton. As of September 2nd, the cyclohexanone market price in Shandong, China, was approximately 9,600-9,900 CNY per ton.
II. Analysis of Core Influencing Factors
Cost Perspective: In early September, the market price of pure benzene—the raw material for cyclohexanone—began to rise. The high level of raw material prices continued to bolster cost support for cyclohexanone, driving its market trend “upward along with the raw materials.”
Supply and Demand: With the arrival of the golden September, the demand for cyclohexanone from downstream sectors in China has increased. Downstream users are actively replenishing their inventories and inquiring about new orders, creating a positive atmosphere. The transmission between supply and demand has improved, and both sides are providing support to the cyclohexanone market in China.
3. Future Market Forecast
Currently, the procurement inquiry atmosphere in Shandong’s cyclohexanone market is moderate, and positive factors supporting the market still remain. Market participants are in a good mood, and analysts expect that, in the short term, Shandong’s cyclohexanone market will mostly trend higher with a strong bias. Further attention should be paid to developments on both the supply-demand side and cost factors.
