October 9th News
I. Price Trends
According to the data monitoring system, on September 30, the cyclohexanone market price in Shandong region of China was 10,600 CNY/ton. Compared to September 1 (when the cyclohexanone reference price was 9,200 CNY/ton), the price increased by 1,400 CNY/ton, a price increase of 15.22%.
In the first half of September, the cyclohexanone market in Shandong region steadily increased, with the market focus continuously adjusting upwards. By mid-month, the price of cyclohexanone had risen to around 10,700 CNY per ton, a price increase of over 16% compared to the beginning of the month. Subsequently, in late September, the cyclohexanone market prices in Shandong experienced a slight downward adjustment, but the extent of the decline was limited. As the end of the month approached, the market saw another rebound. By the end of the month, the cyclohexanone market in Shandong concluded at a high level, with prices ranging from 10,500 to 10,700 CNY per ton as of September 30.
II. Analysis of Core Impact Factors
Cost Perspective: In September, the pure benzene market—on which cyclohexanone costs are based—trended upward, providing robust and strengthening cost‑side support. With raw material prices underpinning the market, cyclohexanone prices gradually climbed.
Supply and Demand: In September, the supply of cyclohexanone in Shandong remained relatively stable. With the arrival of the golden September, downstream users gradually began to stock up, leading to a generally good supply and demand transmission in the cyclohexanone market, providing a solid foundation for the market.
3. Future Market Forecast
Currently, the cyclohexanone market in Shandong, China, is experiencing a moderate trading atmosphere with existing cost support. Industry players have a positive mindset, and data analysts predict that in the short term, the cyclohexanone market in Shandong will mainly operate at a high level with a strong bias. More attention should be paid to changes in supply and demand as well as cost factors.
