SunSirs: The Cyclohexane Market Had Been Operating Steadily This Week (July 5-12)

https://www.chemnet.com   Jul 15,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of July 12th, the average price of domestic industrial grade high-quality cyclohexane was 8,550 RMB/ton. In July, cyclohexane prices remained stable, but the overall market lacked upward momentum. As of July 12th, downstream demand from manufacturers was average, and the market transaction atmosphere was positive. The prices of mainstream cyclohexane factories were stable with a strong trend.

Analysis review

Market conditions

In terms of cost: In early July, the upstream pure benzene prices were weak, and the inventory of ports in East China increased. The inventory of pure benzene ports in Jiangsu was 30,000 tons, an increase of 9,000 tons from the previous period's inventory of 21,000 tons, and a decrease of 83.9% from the same period last year. The market supply was abundant, the pure benzene market continued to decline, and the cost side crude oil market prices were running low, with insufficient support on the cost side.

Market outlook

The cyclohexane analyst from SunSirs believes that there was temporarily insufficient support from the upstream cost side and insufficient demand from the downstream. It is expected that the cyclohexane market will maintain its current trend in the short term, with a mainstream price range of 8500 RMB/ton.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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