According to the Commodity Market Analysis System of Shengyi Society, on February 27th, the reference price for cyclohexanone market in Shandong Province was 8925 yuan/ton. Compared with the reference price of 9000 yuan/ton on February 1st, the price has decreased by 75 yuan/ton, a decrease of 0.83%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that in February, the domestic cyclohexanone market in Shandong Province showed an overall trend of “rising first and then falling”, with market prices rising at the beginning of the month and then experiencing a sharp decline.

In early February, with the return of the Spring Festival holiday, the cyclohexanone market in Shandong region experienced an upward trend. On the supply side, some factory facilities did not start production on time after the holiday, resulting in less pressure on the supply of cyclohexanone on-site and tight spot supply. The supply side provided market support. On the cost side, the high cost side provides cost support for cyclohexanone. On the demand side, downstream demand is gradually recovering, and the solvent and chemical fiber markets are mainly focused on essential procurement. The focus of cyclohexanone negotiations continues to rise. On February 15th, cyclohexanone rose to its highest point of the month, with a reference price of 9200 yuan/ton, an increase of 2.22% in the first half of the year.

In late February, some maintenance facilities in the cyclohexanone plant started production, easing the tight supply situation in the plant. The support provided by the supply side to the market loosened, and the cost support for cyclohexanone weakened due to the decline in the pure benzene market on the cost side. Downstream demand continued to be dominated by essential procurement, and there was no significant improvement on the demand side. Therefore, in late February, the effective support for cyclohexanone in the market was insufficient, and the market situation began to plummet, with prices continuously approaching low levels. As of February 27th, the domestic cyclohexanone market price in Shandong region was around 8600-9000 yuan/ton, with a decline of 2.99% in late February.

In terms of cost: In February, the cost side raw material pure benzene market fluctuated and fell at a high level, gradually loosening the cost support for cyclohexanone. On February 28th, the reference price of pure benzene was 7568 yuan/ton, an increase of 0.2% compared to February 1st (7553 yuan/ton).

Market analysis in the future

At present, the trading atmosphere in the cyclohexanone market is relatively light, and some enterprises are under certain supply pressure. Downstream demand is mainly based on demand, and cost support is weak. The cyclohexanone data analyst of Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate in a narrow range, and specific changes in supply and demand information need to be closely monitored.