According to the Commodity Market Analysis System of Shengyi Society, on March 20th, the reference price of cyclohexanone in the domestic market in Shandong was 8300 yuan/ton. Compared with March 16th, the reference price of cyclohexanone in the domestic market was 8375 yuan/ton, with a price reduction of 75 yuan/ton, a decrease of 0.90%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week, the cyclohexanone market in Shandong Province, China, has shown a downward trend. During the week, trading in cyclohexanone was light, and the focus of market negotiations shifted downwards, with an adjustment range of around 50-100 yuan/ton. As of March 14th, the reference market price for cyclohexanone in Shandong region is around 8250-8400 yuan/ton.
Market influencing factors
In terms of supply and demand: During this week, the overall demand order follow-up in the downstream chemical fiber market of cyclohexanone was relatively slow, and the demand was initially weak. Some cyclohexanone factories have certain pressure on the supply side, and the transmission between supply and demand is loose, and the game is gradually emerging.
In terms of cost: The weak market for pure benzene on the raw material side has loosened the cost support for cyclohexanone. As of March 19th, the reference price for pure benzene was 6859.67 yuan/ton, a decrease of 8.76% compared to March 1st (7518 yuan/ton).
Market analysis in the future
At present, the overall trading atmosphere in the cyclohexanone market in Shandong is relatively weak, and downstream users are cautious in their stocking and procurement operations. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly be weak and organized, and specific changes in supply and demand information need to be closely monitored.
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