According to the Commodity Market Analysis System of Shengyi Society, on November 7th, the domestic cyclohexanone market price reference was 8575 yuan/ton. On November 1st, the domestic cyclohexanone market price reference was 8837 yuan/ton, with a price reduction of 262 yuan/ton, a decrease of 2.97%.
From the commodity market analysis system of Shengyi Society, it can be seen that this week (11.3-11.7), the overall domestic cyclohexanone market showed a weak downward trend. During the week, the cyclohexanone market continued to move towards a low level, and the focus of transaction negotiations decreased. As of November 7th, the cyclohexanone market price in Shandong region was around 8450-8500 yuan/ton, and the cyclohexanone market price in southern China region was around 8700-8750 yuan/ton.
In terms of supply: Currently, the supply side of cyclohexanone is relatively stable, and there is little change in the overall operation of the supply side, which provides moderate support for the cyclohexanone market.
On the demand side: Recently, the downstream demand market for cyclohexanone has shown cautious performance, with a relatively light overall inquiry atmosphere. Most new orders are for urgent replenishment, and the support given to cyclohexanone on the demand side is limited.
Downstream product caprolactam: As we enter November, the market for caprolactam, a downstream product of cyclohexanone, continues to decline, with the market center of gravity continuously exploring. As of November 6th, the reference price of caprolactam is 10666.67 yuan/ton, a seven day decline of 4.78%.
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is poor, with a strong wait-and-see attitude and a general mentality among industry players. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate within a narrow range, and specific changes in supply and demand information need to be closely monitored.
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