SunSirs: Limited Support, Cyclohexanone Market Weakly Declined in Recent Times

https://www.chemnet.com   Oct 22,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, on October 21st, the domestic cyclohexanone market price reference was 9,237 RMB/ton. On October 13th, the domestic cyclohexanone market price reference was 9,500 RMB/ton, with a price reduction of 263 RMB/ton, a decrease of 3.55%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that in recent times (10.13-10.18), the overall domestic cyclohexanone market had shown a weak downward trend, with a lack of positive support and boost in the cyclohexanone market, and market prices haD been continuously approaching low levels. As of October 21st, the reference market price for cyclohexanone in Shandong region was around 9,300-9,400 RMB/ton, and the reference market price for cyclohexanone in Inner Mongolia region was around 9,050-9,100 RMB/ton.

Market factor analysis:

In terms of cost: Recently, the benzene market for cyclohexanone on the cost side had been continuously weak and declining, with the cost side continuing to decline, providing poor support for cyclohexanone.

On the demand side: As of October 21st, the overall trading atmosphere in the cyclohexanone market was light, with high priced transactions being relatively quiet. Downstream users were mainly cautious in their first-time purchases, and the support provided by demand for cyclohexanone was limited.

Market outlook

As of October 21st, the transmission between supply and demand in the cyclohexanone market was weak, with slow shipments from the supply side and average downstream demand conversion. According to the cyclohexanone data analyst of SunSirs, the domestic cyclohexanone market will mainly adjust and operate within a narrow range in the near future, and the specific trend still needs to pay more attention to changes in supply and demand news.

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

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