1、 Price trend
On September 10th, the market price of cyclohexanone in Shandong was referenced at 10200 yuan/ton, an increase of 1000 yuan/ton or 10.87% compared to September 1st (reference price of cyclohexanone was 9200 yuan/ton).
In early September, the domestic cyclohexanone market in Shandong showed a gradually warming trend. The cyclohexanone market has been continuously rising since the beginning of the month, with the focus of negotiations breaking through the 10000 yuan mark. As of September 10th, the domestic cyclohexanone market price in Shandong region is around 10100-10200 yuan/ton.
2、 Analysis of Core Influencing Factors
In terms of cost: In early September, the market price of pure benzene on the raw material side of cyclohexanone rose at a high level, and the cost support provided by the raw material side to cyclohexanone increased. Driven by cost, the price of cyclohexanone continued to rise.
In terms of supply and demand: Currently, the spot supply of cyclohexanone is relatively stable, and downstream buyers are cautious in the face of high prices, with weak transmission between supply and demand being the main factor.
3、 Future forecast
At present, the inquiry atmosphere in the cyclohexanone market in Shandong is average, and there is a certain wait-and-see sentiment downstream. The cost support for cyclohexanone is still strong, and data analysts predict that in the short term, the cyclohexanone market in Shandong will mainly operate on a strong side. More attention needs to be paid to changes in supply and demand as well as cost side news.
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