1、 Price trend
As of May 30th, the average price of high-quality industrial grade cyclohexane in China is 7416 yuan/ton. Currently, cyclohexane is mainly operating in a narrow range, and weak demand is suppressing its upward trend.
2、 Market analysis
On the supply side, the low sulfur main coking coal production area has a stable high price of 1850 yuan/ton, and the coking plant’s profit per ton of coke processing is only 21 yuan, close to the loss line. The willingness of coke enterprises to actively reduce prices and ship goods is extremely low, and there is a cost floor below the spot price. The traditional off-season negative feedback expectation of steel is heating up, and steel plants continue to resist high priced raw materials, limiting the further upward space of coke spot prices. After multiple rounds of price increases, there is no expectation of a new round of price increases.
In terms of cost: Upstream pure benzene has been weakly consolidated this week, with weakened cost support and reduced production profits for manufacturers. There is a lack of motivation to raise prices, and high priced sources have continued to decline in the early stages.
Market mentality: This week, the market fell first and then stabilized. Traders mainly focused on destocking, while downstream traders watched and waited for lower prices. Trading on the market was light, with most transactions being small orders for immediate needs and no large orders being made.
3、 Future forecast
Analysts believe that with sufficient supply, off-season demand, and no significant rebound in costs, the short-term volatility of cyclohexane is weak, and there is insufficient momentum for a significant increase; If pure benzene stops falling and stabilizes, spot prices may maintain a sideways consolidation in the current range of 6000-6900.
| http://www.polyvinylalcohols.com |