According to the Commodity Market Analysis System of Shengyi Society, on October 30th, the ex factory price of cyclohexanone in Shandong Province, China was reference 6350 yuan/ton. Compared with October 1st (cyclohexanone price reference 6900 yuan/ton), the price decreased by 550 yuan/ton, a decrease of 7.97%.
In October, the cyclohexanone market weakened and fell, with the focus of the market continuously moving towards lower levels
From the Commodity Market Analysis System of Shengyi Society, it can be seen that since October, the domestic cyclohexanone market in Shandong has been showing a normal trend of weak and declining. In the first ten days of the holiday, the market situation remained calm with little change in fundamentals. After the holiday, the cyclohexanone market experienced a cold decline and the focus of on-site negotiations continued to decline, with a drop of 3.62% in the first half of the year. In the latter half of the year, the decline in the cyclohexanone market did not stop, and the market continued to decline narrowly. The inquiry atmosphere remained at the low end, with a 1.5% drop in the latter half of the year. As of October 30th, the ex factory price of cyclohexanone in Shandong region is around 6300-6400 yuan/ton.
Analysis of Factors Influencing Market Trends
In terms of supply and demand, the game of strong supply and weak demand is obvious
In October, the overall supply side of the cyclohexanone market was fully realized, but the supply side remained under pressure and the release of inventory pressure was slow. Downstream demand procurement is cautious, and demand transmission is insufficient, making it difficult for the demand side to effectively provide sufficient support to the market.
Cost aspect: Cost fluctuation, loose operational support
In October, the cost side pure benzene market fluctuated and fell, providing loose support for the cost of cyclohexanone. As of October 29th, according to data from Shengyi Society, the reference price of pure benzene was 5155.33 yuan/ton, a decrease of 11.85% compared to October 1st (5848.67 yuan/ton).
Market analysis in the future
At present, the overall supply of cyclohexanone in the market is still relatively loose, and downstream new orders are more limited. The cost support is still weak, and the overall market support is still insufficient. The cyclohexanone data analyst of Shengyi Society predicts that in the short term, the cyclohexanone market in Shandong will mainly operate in a range, and specific changes in supply and demand as well as cost information need to be paid more attention to.