1、 Price trend

On August 18th, the reference market price for cyclohexanone in Shandong was 9200 yuan/ton, which was an increase of 775 yuan/ton or 9.20% compared to August 10th (reference price for cyclohexanone was 8425 yuan/ton);.
In early August, the overall market situation of cyclohexanone in Shandong Province showed a continuous decline. The positive support for the cyclohexanone market was insufficient, and the market situation continued to approach a low level, with low-end prices falling to around 8450 yuan/ton. In mid August, with the continuous rise of cost side prices, the cyclohexanone market in Shandong began to rebound at a low level, and the cyclohexanone market continued to decline. As of August 18th, the cumulative price of cyclohexanone in Shandong has increased by about 700-800 yuan/ton, and the market price reference is around 9150-9250 yuan/ton.
2、 Analysis of Core Influencing Factors
In terms of cost: Recently, the market price of pure benzene, the raw material for cyclohexanone, has risen to a high level, which continues to strengthen the support for the bottom of cyclohexanone costs. The cyclohexanone market price is approaching the upward trend driven by raw materials.
In terms of supply and demand: Currently, the supply side of cyclohexanone is stable, with a steady pace of spot shipments. Downstream purchases of cyclohexanone are mainly based on demand, and market supply and demand transmission is still acceptable.
3、 Future forecast
At present, the inquiry atmosphere in the cyclohexanone market in Shandong is mild, with good cost support. It is expected that in the short term, the cyclohexanone market in Shandong will mainly operate steadily, moderately, and strongly. More attention needs to be paid to changes in supply and demand as well as cost side news.