According to the Commodity Market Analysis System of Shengyi Society, on November 12th, the ex factory price of cyclohexanone in Shandong Province, China was referenced at 6250 yuan/ton. Compared with November 1st (cyclohexanone price reference 6350 yuan/ton), the price decreased by 100 yuan/ton, a decrease of 1.57%.
In early November, the center of gravity of cyclohexanone in Shandong continued to decline and operate
From the Commodity Market Analysis System of Shengyi Society, it can be seen that in early November (11.1-11.12), the domestic cyclohexanone market in Shandong Province showed a weak and downward trend overall. The atmosphere inside the cyclohexanone plant in Shandong is poor, with limited fundamental support. The focus of cyclohexanone negotiations continues to shift towards lower levels, with a cumulative adjustment of around 50-150 yuan/ton within half a month. As of November 12th, the ex factory price of cyclohexanone in Shandong is estimated to be around 6200-6300 yuan/ton.
Analysis of Market Factors
In terms of supply and demand: In early November, the overall spot supply of cyclohexanone in Shandong’s market was relatively abundant, and there was some pressure on the supply side to ship. The overall strategy was to maintain low inventory and prioritize discounted shipments.
In terms of demand: Currently, downstream demand for cyclohexanone is showing caution, with many inquiries hovering at low levels. The overall transmission of demand is poor, and there is insufficient support for cyclohexanone.
In terms of cost: Recently, the market for pure benzene, a raw material on the cost side, has fluctuated slightly, which still puts cost pressure on cyclohexanone. According to data from Shengyi Society, on November 11th, the reference price of pure benzene was 5205.33 yuan/ton, an increase of 0.64% compared to November 1st (5172 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in Shandong cyclohexanone market is relatively weak, and the mentality of industry players is average. There is a strong wait-and-see sentiment in the market, and downstream trading is cautious. There is a lack of obvious positive guidance in the market. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the cyclohexanone market in Shandong will mainly adjust its operation within a certain range, and specific changes in product supply and demand need to be monitored.
| http://www.thiourea.net |