According to the Commodity Market Analysis System of Shengyi Society, on January 14, 2025, the reference ex factory price of cyclohexanone in Shandong Province, China was 6350 yuan/ton, which was basically the same as January 1; Compared with December 1st (cyclohexanone price reference 6387 yuan/ton), the price has decreased by 37 yuan/ton, a decrease of 0.59%.
In early January, the cyclohexanone market in Shandong showed a fluctuating trend of “first stabilizing, then falling, and then rebounding”
From the commodity market analysis system of Shengyi Society, it can be seen that in early January, the market performance of Shandong cyclohexanone was stable, with little fluctuation in the market, and the overall market was in a sideways consolidation stage, with limited price elasticity. On the 9th, the market price of cyclohexanone in Shandong Province was adjusted narrowly downwards, with the market price dropping to around 6300 yuan/ton. Subsequently, the market continued to consolidate and operate. On the 14th, with the support of the cost side, the cyclohexanone market experienced a correction, and the overall price returned to the level at the beginning of the month. As of January 14th, the market price reference for cyclohexanone in Shandong is around 6350-6400 yuan/ton.
Analysis of Core Influencing Factors
In terms of cost: At the beginning of the month, the raw material pure benzene fluctuated narrowly, providing stable cost support for cyclohexanone. Subsequently, the pure benzene market experienced a slight decline due to fluctuations in crude oil prices and weak downstream demand. The production cost support for cyclohexanone weakened, and the company passively lowered its quotation to ensure shipment volume. Subsequently, the pure benzene market rebounded due to the rebound in crude oil prices and the rise in prices by manufacturers. The production cost of cyclohexanone supported the repair, and companies raised their quotations accordingly.
In terms of supply and demand: In early January, the overall performance of the cyclohexanone market supply side was relatively stable. During the period of cyclohexanone price reduction, downstream demand overall improved by restocking on dips. After the cyclohexanone market rebounded, market demand recovered weakly.
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is light and mild, and downstream pre holiday stocking has not yet been fully opened. The overall supply and demand transmission in the market is weak and stable. The cyclohexanone data analyst of Shengyi Society predicts that the short-term cyclohexanone market in Shandong will mainly operate in a range of fluctuations, and specific changes in supply and demand news need to be closely monitored.
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