September 10th, news
I. Price Trends
According to the data monitoring system, on September 10, the market price of cyclohexanone in the Shandong region of China was 10,200 CNY/ton. Compared to September 1 (when the reference price for cyclohexanone was 9,200 CNY/ton), the price increased by 1,000 CNY/ton, a price increase of 10.87%.
In early September, the cyclohexanone market in Shandong, China, showed a gradually warming trend. The cyclohexanone market prices began to rise continuously from the beginning of the month, with negotiation focus breaking through the 10,000 yuan mark. As of September 10, the cyclohexanone market price in Shandong, China, was around 10,100-10,200 CNY per ton.
II. Analysis of Core Impact Factors
Cost Aspect: In early September, the market price of pure benzene—the raw material for cyclohexanone—rose sharply to a high level. This upward trend in raw material prices strengthened the cost support for cyclohexanone, driving its price higher and higher under cost-driven pressure.
Supply and Demand: Currently, the supply of cyclohexanone in the spot market is relatively stable. Downstream buyers are being cautious about purchasing at the current high prices, leading to a weak transmission between supply and demand.
3. Future Market Forecast
Currently, the inquiry atmosphere in Shandong’s cyclohexanone market is moderate, and downstream players remain somewhat cautious. The cost support for cyclohexanone remains relatively strong. According to analysts, in the short term, the Shandong cyclohexanone market is expected to continue operating predominantly on the stronger side. Further attention should be paid to developments in supply-demand dynamics as well as changes in cost factors.
From the spot market analysis system, it can be seen that since the end of August, the 10-day moving average of cyclohexanone has consistently been above the 20-day moving average, indicating a trend of rising prices in the future. The auxiliary indicators show that the price of cyclohexanone is at a high level within the 5-tier (annual position). Combining both indicators, it is predicted that the future market price increase of cyclohexanone will be limited, with a focus on strong performance at high levels. It is also important to closely monitor fluctuations in crude oil prices, the operation status of facilities, and changes in downstream orders.
