According to the Commodity Market Analysis System of Shengyi Society, on November 6th, the ex factory price of cyclohexanone in Shandong Province, China was referenced to 6300 yuan/ton. Compared with November 1st (cyclohexanone price reference 350 yuan/ton), the price decreased by 50 yuan/ton, a decrease of 0.79%.
Weak fundamentals: In the first week of November, the focus of the cyclohexanone market in Shandong Province was narrowly lowered
From the Commodity Market Analysis System of Shengyi Society, it can be seen that in the first week of November (11.1-11.6), the overall market situation of cyclohexanone in Shandong Province, China, experienced a narrow decline. During the week, the focus of cyclohexanone negotiations continued to shift towards the low-end market. Some factories in Shandong have lowered their cyclohexanone shipment prices by 50 yuan/ton. As of November 6th, the ex factory price of cyclohexanone in Shandong is around 6250-6350 yuan/ton.
Analysis of Market Factors
In terms of supply and demand: Entering November, the overall supply-demand contradiction in the cyclohexanone market in Shandong still exists, with poor demand transmission and average demand realization. The overall supply side is loose, and the supply and demand transmission is slow, providing insufficient market support and lacking positive guidance.
Cost wise: The market for pure benzene on the raw material side is fluctuating, providing unstable cost support for cyclohexanone. As of November 6th, according to data from Shengyi Society, the reference price of pure benzene on November 6th was 5218.67 yuan/ton, an increase of 0.9% compared to November 1st (5172 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in Shandong cyclohexanone market is light, and there is a certain bearish sentiment in the market. Downstream demand is cautious. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly be weak and stable, and specific changes in supply and demand information need to be monitored.
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