According to the Commodity Market Analysis System of Shengyi Society, on November 18th, the domestic cyclohexanone market price reference was 8400 yuan/ton. On November 1st, the domestic cyclohexanone market price reference was 8837 yuan/ton, with a price reduction of 437 yuan/ton, a decrease of 4.95%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that since November, the overall domestic cyclohexanone market has shown a weak and declining trend. At the beginning of the month, the domestic cyclohexanone market performed poorly, and the focus of the cyclohexanone market shifted towards a lower level. The price of cyclohexanone decreased by about 300-500 yuan/ton. Subsequently, under the influence of rising costs, the downward trend of the cyclohexanone market gradually came to an end, but the overall positive support within the market was still insufficient, and the cyclohexanone market was weakly consolidating and operating. As of November 18th, the reference market price for cyclohexanone in Shandong Province is around 8350-8400 yuan/ton, and the reference market price for cyclohexanone in South China is around 8600-8700 yuan/ton, with a decrease of nearly 5% during the month.

On the supply side: Currently, the overall supply performance of the domestic cyclohexanone market is relatively stable, with little adjustment in the production of cyclohexanone. The overall market supply is relatively sufficient, and the market support provided by the supply side for cyclohexanone is loose.

In terms of demand: Currently, downstream demand in the cyclohexanone market is mainly for essential needs, and the market’s purchasing enthusiasm is generally average. The demand side provides weak support for the cyclohexanone market.

Upstream: Recently, there has been a slight upward trend in the pure benzene market for cyclohexanone. The rise in raw materials has provided some cost support for cyclohexanone. As of November 15th, the reference price for pure benzene was 7153 yuan/ton, an increase of 0.61% compared to November 1st (7109.67 yuan/ton).

Market analysis in the future

At present, the trading atmosphere in the cyclohexanone market is mild and relatively quiet, and the mentality of on-site operators is average. Downstream purchases are mainly based on volume transactions. The cyclohexanone data analyst from Shengyi Society believes that in the short term, the domestic cyclohexanone market will mainly adjust and operate within a narrow range, and specific changes in supply and demand information need to be closely monitored.