SunSirs: This Week, the Price of Cyclohexane Was Running Weakly (August 9-16)

https://www.chemnet.com   Aug 19,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of August 16th, the average price of industrial grade high-quality cyclohexane in China this week was 7,966.67 RMB/ton. The price of cyclohexane remained stable this week, but downstream demand was weak, and overall market shipments were slow. Downstream purchases were mainly for essential needs, and many businesses were adopting a cautious and wait-and-see attitude.

Analysis review

In terms of cost, the upstream pure benzene market was mainly characterized by fluctuating prices, with a stagnant buying trend and a focus on small orders for essential needs. As of August 16th, the upward trend in crude oil prices was driving downstream prices, and the inventory of pure benzene ports was running at a low level. It is expected that the pure benzene market will mainly operate to be stronger in the short term.

Market outlook

The cyclohexane analyst from SunSirs believes that the short-term market price of cyclohexane is expected to remain stable. As of August 16th, the upstream cost side support was average, downstream demand was weak, and the driving force for price increases was limited.

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

 Print  |    add to Favorites  |    Close