According to the Commodity Market Analysis System of Shengyi Society, on November 24th, the ex factory price of cyclohexanone in Shandong Province, China was referenced to 6350 yuan/ton, which was basically the same as November 1st (cyclohexanone price reference 6200 yuan/ton).
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From November to present, the cyclohexanone market in Shandong has been fluctuating with ups and downs
From the Commodity Market Analysis System of Shengyi Society, it can be seen that from November to present, the domestic cyclohexanone market in Shandong has been operating in a “first falling and then rising” pattern. Within the month, the cyclohexanone market fluctuated with ups and downs. On November 24th, the ex factory price of cyclohexanone in Shandong was around 6300-6400 yuan/ton.
Lack of favorable support for the downward trend in the cyclohexanone market in the first half of the year
In the first half of the month, the cyclohexanone market in Shandong experienced a downward trend, with slow transmission of supply and demand. The weak supply and demand situation made it difficult to provide effective support to the market. In the first half of the month, the cyclohexanone market lacked clear positive support, and the market continued to decline. The focus of on-site negotiations continued to fall. On November 15th, Shandong cyclohexanone fell to the lowest point of the month, with a reference ex factory price of 6200 yuan/ton, a 2.36% drop in the first half of the month.
Short term supply support, the center of gravity of cyclohexanone gradually rebounds in the latter half of the year
At the end of the month, the overall supply of cyclohexanone in the market decreased, and the pressure from the supply side of cyclohexanone was reduced. Factories and suppliers had a strong desire for price increases, and their willingness to lower prices was not strong. The cyclohexanone market in Shandong experienced a brief downturn, and the market center continued to rebound. However, downstream demand realization remained cautious, and it was difficult for the demand side to effectively transmit. Some manufacturers also narrowly lowered cyclohexanone prices, and the overall market returned to the level at the beginning of the month.
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market in Shandong is mild, and downstream purchases are mainly based on demand. The mentality of industry players is average. The cyclohexanone data analyst from Shengyi Society believes that in the short term, the cyclohexanone market in Shandong will mainly fluctuate, and more attention should be paid to changes in supply and demand.
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