According to the Commodity Market Analysis System of Shengyi Society, on October 16th, the ex factory price of cyclohexanone in Shandong Province, China was reference 6650 yuan/ton. Compared with October 9th (cyclohexanone price reference 6900 yuan/ton), the price decreased by 250 yuan/ton, a decrease of 3.62%.
This week, the focus of the cyclohexanone market in Shandong has fallen, and the market is running weakly
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week, the domestic cyclohexanone market in Shandong Province has shown an overall weak downward trend. During the week, the focus of negotiations in the Shandong cyclohexanone market continued to shift towards lower levels, with factories and suppliers lowering their cyclohexanone shipment prices by around 50-150 yuan/ton. As of October 16th, the reference market price for cyclohexanone in Shandong region is around 6600-6650 yuan/ton.
Analysis of Factors Influencing Market Trends
In terms of supply and demand: Currently, the overall spot supply of cyclohexanone market is abundant, and the supply side is under pressure. The downstream demand is slow to follow up, and the supply and demand transmission is poor. The market support provided by the supply and demand side is insufficient.
In terms of cost: Recently, the pure benzene market on the raw material side has been declining, and the support for cyclohexanone on the cost side has continued to loosen. As of October 15th, data monitoring by Shengyi Society showed that the reference price of pure benzene was 5542 yuan/ton, a decrease of 5.24% compared to October 1st (5848.67 yuan/ton).
Market analysis in the future
At present, the overall trading atmosphere in the cyclohexanone market is mild, and downstream users are cautious in purchasing at low prices. The transmission performance between supply and demand is still relatively loose. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the cyclohexanone market in Shandong will mainly be weak in consolidation and operation, and specific changes in supply and demand information need to be closely monitored.
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