1、 Price trend
On July 3rd, the reference market price for cyclohexanone in Shandong was 7800 yuan/ton, a decrease of 400 yuan/ton or 4.88% compared to June 26th (reference price for cyclohexanone was 8200 yuan/ton).
This week (6.26-7.3), the overall market situation of cyclohexanone in Shandong showed a downward trend, and the price center of cyclohexanone continued to move towards the low end, with the focus of negotiations shifting towards the low-end. As of July 3rd, the reference market price for cyclohexanone in Shandong is around 7800-8000 yuan/ton.
2、 Analysis of Core Influencing Factors
Release of supply pressure: Domestic cyclohexanone plants continue to operate at a high level, with ample spot circulation in the market. Manufacturers actively lower their prices to promote transactions.
Downstream demand is weak: there is insufficient follow-up on the procurement of core downstream caprolactam and adipic acid factories, and there is a low season for demand in the terminal chemical fiber and nylon industries, with no support from a large number of essential orders.
Raw material drag: The upstream pure benzene market fluctuated and fell, providing loose cost support for cyclohexanone. There is no strong support on the cost side, and there is room for discounts in spot trading.
3、 Future forecast
At present, the trading atmosphere in the Shandong cyclohexanone market is light, and the effective support within the market is still weak. It is expected that in the short term, the market situation in Shandong cyclohexanone will mainly be weak and organized. More attention needs to be paid to changes in supply and demand as well as cost side news.
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