SunSirs: This Week, the Cyclohexane Market Maintained Stable Operation (July 24-31)

https://www.chemnet.com   Aug 01,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of July 31st, the average price of industrial grade high-quality cyclohexane in China this week was 7,966.67 RMB/ton. The cyclohexane price remained weak and stable, with average downstream demand and stable prices. As of July 31st, the cyclohexane market inventory was running at a high level, and downstream purchases were mainly for essential needs.

Analysis review

In terms of cost, the upstream pure benzene market had experienced a narrow decline, with poor demand. As of July 31st, the spot market price was difficult to boost, which had dragged down confidence in the pure benzene market. The market mentality was not good, and the supply side will gradually return in August. The operating load remained high, and the overall market trading atmosphere was not good.

Market outlook

The cyclohexane analyst from SunSirs believes that the short-term cyclohexane market price is expected to remain stable with a weaker trend. As of July 31st, the upstream cost support was average, and downstream demand was weak. The mainstream price range for cyclohexane was around 8,000 RMB/ton.

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

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