1、 Price trend
According to data monitored by Shengyi Society, as of July 18th, the average price of industrial grade high-quality cyclohexane in China was 7233 yuan/ton, a decrease of 1.36% compared to the same period last week. The cyclohexane market has remained stable, with no significant changes and a slight decline in price. 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 18th, the pure benzene market has experienced sluggish transactions, with prices fluctuating between 5750-5850 yuan/ton during the cycle. Low/high-end prices have fallen by 20/60 yuan/ton compared to the previous cycle. In the previous cycle, Shandong’s pure benzene had good transactions for five consecutive days, and downstream inventories have been established. This cycle, pure benzene in East China and the market have weakened, and downstream Shandong has actively suppressed prices. Local refining shipments have encountered difficulties for several consecutive days, with transaction volumes hovering at low levels of 100-1500 tons. Due to shipment obstacles, local refining inventories have been affected, and prices have continued to decline. After that, low-end transactions have improved to some extent, and it is expected that weekend transactions may turn warm up.
Downstream: As of July 18th, the cyclohexanone market in South China has been consolidating and operating. Downstream purchases are made as needed, and the supply of spot goods in the market is stable. Currently, the cyclohexanone market is mainly operating steadily.
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.