According to the Commodity Market Analysis System of Shengyi Society, on May 8th, the reference market price of cyclohexanone in Shandong Province, China was 7137 yuan/ton. Compared with April 30th (reference market price of cyclohexanone was 7637 yuan/ton), the price decreased by 500 yuan/ton, a decrease of 6.55%.
From the commodity market analysis system of Shengyi Society, it can be seen that after the May Labor Day, the overall cyclohexanone market in Shandong Province, China, showed a downward trend. After the holiday, the trading of cyclohexanone in the market was light, and the market focus continued to adjust downwards. As of May 8th, the cyclohexanone market price in Shandong region is around 7100-7200 yuan/ton.
Market influencing factors
In terms of supply and demand: In the post holiday period, the supply side of the cyclohexanone market in Shandong has shown abundant performance, with some factories under pressure. Downstream demand has shown cautious performance, with overall weak demand and loose supply and demand transmission, providing insufficient market support.
In terms of cost: After the holiday, the raw material pure benzene market fluctuated and fell, providing weaker support for cyclohexanone. As of May 7th, the reference price of pure benzene was 5402 yuan/ton, a decrease of 5.37% compared to May 1st (5708.67 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is relatively weak, and the transmission of supply and demand is slow. The cyclohexanone data analyst from Shengyi Society believes that in the short term, the domestic cyclohexanone market price will mainly be weak, and the specific trend still needs to pay more attention to the changes in supply and demand news.
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