1、 Price trend

According to data monitored by Business Society, as of February 26th, the average price of domestic industrial grade high-quality cyclohexane was 6900 yuan/ton. Recently, the market supply and demand have been relatively balanced, and the price fluctuation is relatively small. It is expected to be mainly stable, moderate, and narrow in the short term.
2、 Market analysis
Market wise: Recently, the price trend of pure benzene has been weak, and the cost support is limited, which has exerted certain pressure on the price of cyclohexane. If crude oil prices rebound or pure benzene supply tightens in the future, it may lead to cost push increases.
Upstream pure benzene: Supply is loose, domestic pure benzene supply is sufficient, and port inventory is rapidly accumulating. On December 1st, Jiangsu port inventory reached 224000 tons, an increase of 36.59% compared to the previous month. Currently, downstream demand is weak, and the overall operating rate is declining. Main products such as styrene and caprolactam are losing profits, and the purchasing willingness is weak.
Supply side: Domestic cyclohexane production capacity is concentrated, with large enterprises dominating the market. At present, factories in Shandong, Hebei, Anhui and other places maintain small shipments, and the supply of spot goods is limited.
In terms of demand, downstream applications mainly include solvents, resins, coatings, and synthesis of cyclohexanol and cyclohexanone. The current demand is mainly based on on-demand procurement, with overall weakness, and the export market mainly targets Southeast Asian countries such as South Korea and Vietnam.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that in the short term, the cyclohexane market is expected to maintain a stable to weak operation, with prices mainly remaining stable.