SunSirs: Cyclohexane Market Was Stable and Stronger (March 17-24)

https://www.chemnet.com   Mar 28,2023

　　According to data monitored by SunSirs, as of March 24th, the average price of domestic industrial grade premium cyclohexane was 7,400 RMB/ton. This week, the price trend of cyclohexane increased slightly, with a price increase of 0.45% compared to the same period last week. The overall market supply and demand were balanced, and the focus of negotiations was stable.

　　Analysis review

　　This week, the average price of domestic industrial grade premium cyclohexane was 7,400 RMB/ton, and the quotation range of mainstream manufacturers remained around 7,300 RMB/ton on the 24th. The supply range was normal, the operating rate was stable, and the procurement atmosphere was general. Downstream purchases were mainly based on needed, and the shipment volume was acceptable. The latest cyclohexane price of the enterprise: Jinan Hengtong Chemical Co., Ltd. 7,400 RMB/ton, Shandong Yushuo Chemical Co., Ltd. 7,400 RMB/ton, Jinan Aochen Chemical Co., Ltd. 7,600 RMB/ton, Jiangsu Pulesi Biotechnology Co., Ltd. 7,400 RMB/ton.

　　Chemical Industry Index: On March 23, the chemical industry index stood at 912 points, down 3 points from the previous day, down 34.86% from the cycle's highest point of 1,400 points (2021-10-23), and up 52.51% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 to now).

　　Market outlook

　　Cyclohexane analysts from SunSirs believe that the market price of cyclohexane will maintain its early trend in the short term.

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