1、 Price trend
According to data monitored by Shengyi Society, as of January 22, the average price of industrial grade high-quality cyclohexane in China was 6900 yuan/ton. The cyclohexane market remained stable, with high levels of cyclohexane inventory and insufficient downstream demand, resulting in an overall market supply-demand balance.
2、 Market analysis
In terms of the market, the enterprise equipment is relatively stable, downstream demand is poor, inventory is running at a high level, the overall market negotiation focus is stable, the overall supply and demand in the market are balanced, the upward momentum is insufficient, downstream demand is weak, the purchasing atmosphere is insufficient, the overall market supply exceeds demand, prices are showing a downward trend from a high level, and price increases lack favorable support.
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.
In terms of demand: Currently, the overall demand for cyclohexane is weak, with downstream markets mainly focused on rigid procurement. Downstream industries such as synthetic fibers and coatings have not seen a significant increase in operating rates, and export orders are also limited.
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.
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