SunSirs: The Market Price of Cyclohexane Remained Stable This Week (November 5-12)

https://www.chemnet.com   Nov 13,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of November 12th, the average price of industrial grade high-quality cyclohexane in China this week was 7,833.33 RMB/ton, which was stable compared to the same period last week. The price of cyclohexane remained stable this week, with manufacturers mainly offering discounts to take orders, and shipments were active. Downstream demand was still acceptable, and inventory was slowly being consumed. Overall, the market procurement enthusiasm was still acceptable.

Analysis review

In terms of cost: This week, the benzene market mainly operated weakly, with insufficient market buying gas and manufacturers lowering prices, resulting in a narrow and weak operation. Benzene did not have sufficient support on the cost side of cyclohexane. On November 12th, the East China benzene market experienced a habitual decline in negotiations, and low-end buying gas improved. Contract traders were active in transactions, with Shanghai Minyu New Material Technology Co., Ltd. selling at 7,500 RMB/ton and Liaocheng Yuanze Chemical Products Co., Ltd. selling at 7,800 RMB/ton.

Market outlook

The cyclohexane analyst from SunSirs believes that the cyclohexane market price is expected to be stable to stronger trend in the short term.

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