1、 Price trend
According to data monitored by Shengyi Society, as of July 16th, the average price of industrial grade high-quality cyclohexane in China was 7233 yuan/ton, a decrease of 0.91% compared to the same period last week. The cyclohexane market has remained stable, with no significant changes in prices and a slight decline. Currently, downstream demand is insufficient, and the driving force for price increases is weak. Demand replenishment is the main focus, and the spot market supply is sufficient. In the short term, supply-demand balance is the main operation.
2、 Market analysis
At present, the focus of negotiations in the domestic cyclohexane market is running steadily, and downstream purchasing willingness is average. Downstream replenishment is mainly based on demand, and the negotiation atmosphere is not positive. Currently, cyclohexane inventory pressure still exists, inventory is running at a high level, spot supply is sufficient, market consumption is slow, and contract customers are mainly in urgent need of procurement. Downstream procurement lacks enthusiasm, and the overall cyclohexane market is under pressure. Currently, the mainstream transaction price is concentrated at around 7400 yuan/ton, and the cyclohexane market price is weak this week.
Upstream: As of July 16th, the price of pure benzene in East China has been weak, with a narrow decline. Currently, the price is around 5900 yuan/ton. Downstream styrene inventory is running at a high level, actively shipping, and sales in the East China market have increased. Jiangsu Xinhai Petrochemical’s pure benzene price is stable, with a price of 6005 yuan/ton. Qicheng Petrochemical’s pure benzene price has been lowered by 30 yuan/ton, with a price of 5800 yuan/ton. Wudi Xinyue’s pure benzene price has been lowered by 50 yuan/ton today, with a price of 5803 yuan/ton. The factory equipment is operating normally, and inventory is moderate.
Downstream: As of July 16th, the cyclohexanone production in the South China market has been consolidated and operated. Downstream purchases are made according to demand, and the supply of spot goods in the market is stable. The production capacity of Shandong Hualu Hengsheng cyclohexanone plant is 520000 tons, mainly used for caprolactam, with a small export price of 7100 yuan. Currently, the cyclohexanone market is mainly stable and operating.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the downstream demand for cyclohexane is generally moderate, with on-demand procurement being the main focus. It is expected that the cyclohexane market will remain stable in the short term.
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