SunSirs: After the Holiday, the Cyclohexanone Market Was Fluctuating

https://www.chemnet.com   Oct 11,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, on September 30th, the domestic cyclohexanone market price reference was 9,412 RMB/ton. On October 10th, the domestic cyclohexanone market price reference was 9,525 RMB/ton, with a price increase of 113 RMB/ton, an increase of 1.20%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that after the National Day holiday, the overall market situation of cyclohexanone in China has shown a fluctuating upward trend. In the two days before the start of work after the holiday, the stability of raw materials had provided certain support to the market, and downstream procurement was still acceptable. The cyclohexanone market was generally stable with an upward trend. After a brief rise, as the raw material benzene market weakened and fell, the cost support for cyclohexanone weakened, and downstream demand was unable to support the stable operation of the market. The supply of cyclohexanone was under pressure, and the cyclohexanone market experienced a downward adjustment, with a reduction of about 100 RMB/ton. On October 10th, the market price of cyclohexanone in Shandong region was around 9,500-9,700 RMB/ton, and the market price of cyclohexanone in Inner Mongolia region was around 9,300-9,400 RMB/ton.

Fundamental situation: As of October 10th, the overall supply of cyclohexanone market was relatively loose, with an overall performance of oversupply in the market. The downstream solvent and chemical fiber markets were mainly driven by rigid demand procurement, with average overall demand performance. The market was temporarily showing stable and weaker operation.

Market outlook

As of October 10th, the overall trading atmosphere in the cyclohexanone market was light, and the "Silver October" effect was not obvious. The transmission between overall supply and demand was weak. The cyclohexanone data analyst from SunSirs believes that in the short term, the domestic cyclohexanone market will mostly operate in a narrow range, and specific changes in supply and demand information need to be closely monitored.

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