1、 Price trend
According to data monitored by Shengyi Society, as of August 26th, the average price of industrial grade high-quality cyclohexane in China this week was 7833.33 yuan/ton, a decrease of 0.42% compared to the same period last week. Recently, cyclohexane prices have been narrowly lowered, and downstream demand is weak. Overall market shipments are slow and inventory is running at a high level. Downstream purchases are mainly for essential needs, and many businesses are adopting a cautious and wait-and-see attitude.
2、 Market analysis
Cost wise: Upstream pure benzene prices are mainly fluctuating, with a lack of support on the cost side. Pure benzene ports continue to accumulate inventory, resulting in insufficient support on the cost side and a fluctuating decline. International crude oil prices have fallen, with a weak focus. Downstream rigid demand procurement is the main focus, and the market price of pure benzene lacks sufficient momentum.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that it is expected that the market price of cyclohexane will fluctuate weakly in the short term. Currently, the upstream cost support is average, and downstream demand is insufficient.
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