1、 Price trend
According to data monitored by Business Society, as of April 29th, the average price of domestic industrial grade high-quality cyclohexane was 7516 yuan/ton. This week, the market price of cyclohexane showed a fluctuating downward trend. At the beginning of the week, the market average price was in a relatively stable range, but with changes in market supply and demand, the price gradually decreased. As of the weekend, the mainstream market price of cyclohexane has fallen by about 200-300 yuan/ton compared to the beginning of the week. The price performance varies in different regions. As the main consumer and trading area of cyclohexane, the East China region has a relatively large price decline, while the North China region has relatively strong prices, but there is also a certain degree of decline.
2、 Market analysis
Market wise: In April, the trading activity of the cyclohexane market was generally average. In the early stages of price increases, traders and downstream enterprises showed increased purchasing enthusiasm and market trading volume. However, as prices continued to rise, downstream enterprises began to adopt a cautious attitude towards high priced cyclohexane, gradually reducing their purchasing volume. Some small downstream enterprises even reduced their production scale to cope with the pressure of rising costs.
In terms of demand: solvent industry: The demand for cyclohexane in the solvent industry has also decreased. With the improvement of environmental requirements, some solvent companies have begun to look for alternative products, reducing the use of cyclohexane. At the same time, fierce market competition has led to a decline in solvent product prices, squeezing the profit space of enterprises and further suppressing the demand for cyclohexane.
Production situation: The overall operating rate of domestic cyclohexane production enterprises this week is at a relatively high level. Part of the devices that underwent preliminary maintenance have resumed production, further increasing market supply. The operating rate of some large enterprises remains above 80%, which continues to increase market supply pressure.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the situation of oversupply in the market is difficult to change in the short term, and downstream demand is also unlikely to improve significantly in the short term. If the price of raw material benzene continues to decline and the cost of cyclohexane further decreases, the price may continue to decline.
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