SunSirs: The Cyclohexane Market Was Lack of Upward Momentum in September

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

Price trend

According to data monitored by SunSirs, as of September 30th, the average price of industrial grade high-quality cyclohexane in China was 7,666.67 RMB/ton. In September, cyclohexane prices showed a weak downward trend, with a 2.13% decrease compared to the same period last month. The overall market lacked upward momentum, and manufacturers temporarily had average downstream demand. The market transaction atmosphere was positive, and the prices of mainstream cyclohexane factories were stable with a weak trend.

Analysis review

In terms of cost: Domestic benzene prices continued to decline, and the current atmosphere of on-site negotiations was average. The international crude oil market was volatile, with average support for benzene. Port inventory was mainly depleted, but there is a large accumulation of inventory in the future, and the market mentality was unstable. Shandong local refineries continued to offer discounts to promote spot sales.

Market outlook

The cyclohexane analyst from SunSirs believes that there was temporarily insufficient support on the upstream cost side and weak downstream demand, and it is expected that the short-term upward momentum of the cyclohexane market will be insufficient.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close