1、 Price trend
From March 1st to 5th, the cyclohexanone market in Shandong continued to rise, with the center of gravity of cyclohexanone constantly adjusting towards higher levels. Shandong’s major factories raised their prices by 950 yuan/ton on March 5th, driving the overall market trend to converge. On March 5th, the cyclohexanone market price in Shandong was around 8250-8350 yuan/ton.
2、 Analysis of Core Influencing Factors
Geopolitical disturbances drive up costs: The ongoing tension in the Middle East and high international crude oil prices have driven up prices of upstream raw materials such as pure benzene. Pure benzene is the main raw material for cyclohexanone, and the recent rise in pure benzene prices has provided cost support for cyclohexanone, driving up production costs and increasing the willingness of enterprises to adjust prices.
Improvement in supply and demand transmission: The tight supply and the rebound in demand form a combined force for price increases. At present, some cyclohexanone units have entered the maintenance period in March, and the effective supply in the market has decreased. The spot inventory is at a relatively low level, coupled with the gradual recovery of demand in downstream industries such as chemical fiber and coatings. The market’s expectations for the recovery of cyclohexanone demand have increased, boosting market confidence, and the market supply and demand situation has shifted towards a tighter direction.
3、 Future forecast
Currently, under the dual effects of cost support and tight supply, the price of cyclohexanone is expected to maintain a high level in the short term, and there is a possibility of further slight increases. In the long run, it is necessary to pay more attention to the progress of adding new production capacity and the recovery of downstream demand. If the pressure on the supply side increases, prices may face downward pressure.
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