SunSirs: Cyclohexane Market Was Mainly Stable in March

https://www.chemnet.com   Apr 03,2023 SunSirs

　　Price trend

　　According to the data monitored by SunSirs, as of March 31, the average price of domestic industrial grade premium cyclohexane was 7,266.67 RMB/ton, with an overall increase of 0.46% in March. Compared to the same period last week, the price fell by 1.8%. Cyclohexane mainly operated stably, with a small price fluctuation range.

　　Analysis review

　　In March, the price fluctuation range of cyclohexane in the market was not large, with an overall monthly increase of 0.46%, showing a stable and stronger trend. The price declined slightly compared to the same period last week, with a narrow and weaker trend recently. On the 31st, the average price of domestic industrial grade premium cyclohexane was 7,233.33 RMB/ton, and the range of quotations from mainstream manufacturers remained around 7,000 RMB/ton. The operating rate was stable, and downstream procurement was primarily in needed, with a flat negotiation atmosphere. The latest cyclohexane price of the enterprise: Liaocheng Jinrui New Material Co., Ltd. 7,200 RMB/ton, Shandong Mantanghong New Material Co., Ltd. 7,400 RMB/ton, Jinan Chuangshi Chemical Co., Ltd. 7,500 RMB/ton, Shandong Yixin Chemical Co., Ltd. 7,100 RMB/ton.

　　Chemical index: On March 30, the chemical index stood at 912 points, down 2 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 in the short term, the cyclohexane market will be stable and stronger.

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