1、 Price trend
According to data monitored by Business Society, as of November 25th, the average price of industrial grade high-quality cyclohexane in China was 7000 yuan/ton. Currently, the cyclohexane market is mainly stable, and the focus of market negotiations is stable. The overall market supply and demand are balanced.
2、 Market analysis
Market wise: Currently, the focus of negotiations in the cyclohexane market is stable, with insufficient downstream demand and slow consumption. Downstream purchases are mainly based on demand, and the willingness to purchase is weak. The market situation of oversupply is obvious and difficult to alleviate, and the overall market is under pressure. In the short term, prices will maintain their current trend.
Upstream pure benzene: The cost side support for upstream pure benzene is insufficient, and the pure benzene market is mainly stable. The market shipments are slow, inventory is high, and there is insufficient driving force for price increases. The operating rate of downstream product styrene has decreased, and demand is insufficient.
In terms of demand, the downstream demand market for cyclohexane is not optimistic, with slow overall market shipments and insufficient upward momentum. The downstream market lacks demand in industries such as synthetic fibers and coatings, and traditional procurement is cautious. Demand in new fields is slowly being released.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the cyclohexane market is expected to maintain its current trend in the short term, with cautious downstream operations and a strong wait-and-see attitude.
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