According to the Commodity Market Analysis System of Shengyi Society, on March 28th, the reference price of cyclohexanone in the domestic market in Shandong Province was 8212 yuan/ton. Compared with March 1st, the reference price of cyclohexanone in the domestic market was 8925 yuan/ton, the price decreased by 713 yuan/ton, a decrease of 7.98%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that since March, the cyclohexanone market in Shandong Province, China has shown a downward trend. During the month, the performance of the cyclohexanone market was weak, and the market center of gravity continued to decline. At the end of the month, the low-end market price had fallen to around 8000 yuan/ton. As of March 28th, the reference market price for cyclohexanone in Shandong region is around 8000-8300 yuan/ton.
Market influencing factors
On the demand side: In March, downstream demand for cyclohexanone followed slowly, and the demand side was cautious about raw material procurement. There was insufficient new order transactions and poor demand transmission, which provided insufficient support for cyclohexanone.
On the supply side, due to the drag of demand, the overall supply of cyclohexanone in the factory is under pressure, and some factories have poor shipments, which hinders the transmission of supply and demand. Inventory has accumulated in the factory, and it is difficult for the supply side to provide effective support for cyclohexanone.
In terms of cost: In March, the pure benzene market on the raw material side fell, and the cost support for cyclohexanone was insufficient. As of March 26th, the reference price for pure benzene was 6806.33 yuan/ton, a decrease of 9.47% compared to March 1st (7518 yuan/ton).
Market analysis in the future
At present, the inquiry atmosphere in the cyclohexanone market in Shandong is average, and the enthusiasm of downstream users for stocking up is not high. There is a strong wait-and-see sentiment in the market. The cyclohexanone data analyst from 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.