1、 Price trend
According to the data monitoring system, on August 11th, the reference price of cyclohexanone in the Shandong region was 8650 yuan/ton. Compared with August 10th (reference price of cyclohexanone was 8400 yuan/ton), the price increased by 250 yuan/ton, an increase of 2.67%; On August 1st (reference price of cyclohexanone 8800 yuan/ton), the price was lowered by 150 yuan/ton, a decrease of 1.70%.
At the beginning of August, the overall market situation of cyclohexanone in Shandong showed a continuous downward trend. The positive support for the cyclohexanone market was insufficient, and the market situation continued to approach a low level. On August 11th, with the improvement of the cost and demand sides, the cyclohexanone market in Shandong ushered in a recovery operation, and the market focus was adjusted upwards. The adjustment range is around 200-300 yuan/ton. As of August 11th, the reference market price for cyclohexanone in Shandong is around 8600-8700 yuan/ton.
2、 Analysis of Core Influencing Factors
In terms of cost: The market for pure benzene on the cost side of cyclohexanone fluctuates frequently. Currently, the low price of pure benzene has rebounded, providing stronger cost support for cyclohexanone. As a result, the cyclohexanone market has increased accordingly.
In terms of supply and demand: Currently, there is not much adjustment in the operating rate of domestic cyclohexanone plants, and the operating and production are basically the same as the previous week. The downstream demand side has slightly improved, and the combination of essential procurement and partial stage replenishment has improved the overall transmission of supply and demand, providing some impetus for market price repair.
3、 Future forecast
At present, the trading atmosphere in the cyclohexanone market in Shandong is mild, with stable performance in the spot supply of cyclohexanone and downstream rigid demand procurement as the main focus. It is expected that in the short term, the cyclohexanone market in Shandong will mainly fluctuate within a certain range. More attention needs to be paid to changes in supply and demand as well as cost side news.
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