SunSirs: The Market Price of Cyclohexane Was Weak (January 1-5)

https://www.chemnet.com   Jan 08,2024 SunSirs

According to data monitored by SunSirs, as of January 5th, the average price of industrial grade premium cyclohexane in China was 7,100 RMB/ton, a narrow decline compared to the same period last week. This week, the price had dropped by 0.23%, and the overall market supply and demand were balanced, with manufacturers mainly offering discounts for sales.

Analysis review

This week, the market price of cyclohexane had slightly declined, with the mainstream price around 7,100 RMB/ton. The price had dropped by 0.23% compared to the beginning of this week, and the mainstream manufacturer's quotation range remained around 7,100 RMB/ton. Downstream restocking was on demand, and demand was weak and less than expected. Upstream support was lacking. Latest quotations from enterprises: Jiangsu Runfeng Synthetic Technology Co., Ltd. offered a price of 7,200 RMB/ton, Zhongyin New Materials (Shandong) Co., Ltd. offered a price of 6,350 RMB/ton, Qingdao Hefeng Chemical Co., Ltd. offered a price of 6,150 RMB/ton, and Jinan Pulaihua Chemical Co., Ltd. offered a price of 7,000 RMB/ton.

Chemical index: On January 4th, the chemical index was 876 points, a decrease of 1 point from the previous day, a decrease of 37.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Market outlook

SunSirs' cyclohexane analyst believes that in the short term, the cyclohexane market is mainly stable and the price fluctuation range is limited.

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