According to the Commodity Market Analysis System of Shengyi Society, on January 21st, the reference price of cyclohexanone in the domestic market in Shandong was 8975 yuan/ton. Compared with the reference price of 8800 yuan/ton on January 1st, the price has increased by 175 yuan/ton, an increase of 1.99%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that from January to present (1.1-1.21), the overall domestic cyclohexanone market has shown a trend of “first falling and then rising”. In the first ten days, the center of gravity of the cyclohexanone market in Shandong continued to decline, with light trading and insufficient market support. The center of gravity of cyclohexanone negotiations in the market fell. On January 10th, the cyclohexanone market price in Shandong was around 8550-8700 yuan/ton, a decrease of 2.56% in the first ten days.

In the mid to late stage, the cyclohexanone market in Shandong began to recover, with the rise in raw material prices providing cost support for cyclohexanone. Downstream stock preparation for cyclohexanone was gradually started before the holiday, and the overall demand side improved. With the help of favorable factors, the cyclohexanone market rebounded from low levels and the low prices gradually disappeared. As of January 21st, the market price of cyclohexanone in Shandong region is around 8950-9100 yuan/ton, with a 4.66% increase in the latter half of the year.

Market analysis in the future

Currently, the raw material side is fluctuating at a high level, providing stable cost support for cyclohexanone. As the Spring Festival approaches, downstream stocking of cyclohexanone is gradually coming to an end, and there is little fluctuation in the market. The cyclohexanone data analyst from Business Society believes that in the short term, the domestic cyclohexanone market will mainly remain stable and operate, and more attention should be paid to changes in supply and demand.