Price trend
According to data monitored by SunSirs, as of July 26th, the average price of industrial grade high-quality cyclohexane in China was 7,966.67 RMB/ton. This week, the price of cyclohexane was weak and stable, while downstream demand was average, resulting in a narrow decline of 2.05% in price. As of July 26th, the cyclohexane market inventory was running at a high level, and downstream purchased mainly based on essential needs.
Analysis review
In terms of cost, the upstream pure benzene market had experienced a narrow decline, and the spot market price was difficult to boost, which had dragged down confidence in the pure benzene market and a poor market mentality. The supply side will gradually return in August, and the operating load will remain high, and the overall market trading atmosphere was poor.
Market outlook
The cyclohexane analyst from SunSirs believes that the short-term cyclohexane market price is expected to remain stable with a weaker trend. As of July 26th, the upstream cost support was average, downstream demand was weak, and the mainstream price range of cyclohexane was 8,000 RMB/ton.
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