According to the Commodity Market Analysis System of Shengyi Society, on April 11th, the reference price for cyclohexanone market in Shandong Province was 7963 yuan/ton. Compared with April 6th (reference price for cyclohexanone market was 8212 yuan/ton), the price decreased by 249 yuan/ton, a decrease of 3.04%.
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 a weak and downward trend overall. During the week, the cyclohexanone market in Shandong Province experienced a downward trend, with the focus of cyclohexanone negotiations shifting towards lower levels. As of April 11th, the cyclohexanone market price in Shandong Province is expected to be around 7900-8100 yuan/ton.
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Market influencing factors
In terms of supply and demand: Currently, the supply side of cyclohexanone is stable, but downstream user demand is insufficient. Overall demand inquiries are cautious, and the transmission of supply and demand is slow and hindered. The market support for cyclohexanone provided by both supply and demand sides is lacking.
Cost wise: This week, the raw material pure benzene market fluctuated at a low level, providing loose cost support for cyclohexanone. As of April 10th, the reference price of pure benzene was 6135.33 yuan/ton, a decrease of 7.87% compared to April 1st (6659.67 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in Shandong cyclohexanone market is light, and there is a strong wait-and-see sentiment. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate weakly, and more attention needs to be paid to the changes in supply and demand news.
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