According to the Commodity Market Analysis System of Shengyi Society, on April 25th, the reference market price of cyclohexanone in Shandong Province, China was 7636 yuan/ton. Compared with April 1st (reference market price of cyclohexanone was 8212 yuan/ton), the price decreased by 536 yuan/ton, a decrease of 7%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that from April to now (4.1-4.25), the domestic cyclohexanone market in Shandong Province has shown an overall downward trend. During the month, the market price of cyclohexanone in Shandong has been continuously adjusted downwards, and the focus of negotiations has shifted towards lower levels. As of April 25th, the reference price for cyclohexanone market in Shandong is around 7600-7750 yuan/ton, with a price reduction of around 400-600 yuan/ton for the month.
Market influencing factors
In terms of supply and demand: During the month, the overall trading atmosphere in the cyclohexanone market in Shandong was poor, with abundant supply on the supply side and slow overall market shipments. The supply side remained under pressure. In terms of downstream demand, the overall market support for cyclohexanone downstream demand is insufficient, and the downstream chemical fiber market is cautious in following up on new orders. The demand transmission is slow, and the contradiction between cyclohexanone supply and demand is intensifying.
In terms of cost: Since April, the raw material pure benzene market has fluctuated downward, providing insufficient cost support for cyclohexanone. As of April 24th, the reference price of pure benzene was 6268.67 yuan/ton, a decrease of 5.87% compared to April 1st (6659.67 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is light, and there is little change in the transmission between supply and demand. The cyclohexanone data analyst from Shengyi Society believes that in the short term, the domestic cyclohexanone market price will mainly operate in a range, and the specific trend still needs to pay more attention to the changes in supply and demand news.