1、 Price trend
According to data monitored by Business Society, as of December 29th, the average price of domestic industrial grade high-quality cyclohexane was 6900 yuan/ton. Currently, the cyclohexane supply is sufficient, inventory is running at a high level, downstream demand is insufficient, and the overall market supply and demand are balanced.
2、 Market analysis
Market wise: Currently, the overall market supply is sufficient, with loose domestic cyclohexane supply and high inventory levels. Downstream demand is limited, and the overall market supply and demand are balanced. There is insufficient upward momentum, weak downstream demand, and insufficient purchasing atmosphere. The overall market supply exceeds demand, and prices are showing a downward trend at a high level. Price increases lack favorable support.
Upstream pure benzene: Supply is loose, domestic pure benzene supply is sufficient, and port inventory is rapidly accumulating. On December 1st, Jiangsu port inventory reached 224000 tons, an increase of 36.59% compared to the previous month. Currently, downstream demand is weak, and the overall operating rate is declining. Main products such as styrene and caprolactam are losing profits, and the purchasing willingness is weak.
In terms of demand, the overall demand for cyclohexane in December was weak, with the market mainly focused on rigid procurement. Downstream industries such as synthetic fibers and coatings did not show a significant increase in operating rates, and export orders were also limited.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the overall supply and demand balance in the cyclohexane market is high, with high inventory levels and insufficient purchasing atmosphere on the demand side. Prices are showing a downward trend from high levels. In the short term, the cyclohexane market is expected to maintain a stable to weak operation, but there is still a lack of strong support on the demand side.