Weighed Down by Bearish Factors, the Downward Trend for Cyclohexanone Is Unlikely to Change in Early June

At the beginning of the month, the market price in Shandong stood at 9,100 RMB/ton; following a period of gradual decline, the market stabilized. However, starting on the 7th, prices fell sharply, dropping below the 9,000 RMB/ton mark. By June 9, the reference price to cyclohexanone in the Shandong market was in the range of 8,700–8,800 RMB/ton.

Analysis of Key Influencing Factors

Supply Side: Entering June, the overall domestic supply of cyclohexanone remains ample. Operating rates at production facilities are relatively high, and spot supplies are plentiful; consequently, some suppliers face inventory pressure, and while destocking has gradually begun, the supply side provides insufficient support to market prices.

Demand Side: Currently, downstream demand to cyclohexanone is sluggish, and the transmission of demand remains slow. Overall operating rates in downstream markets are low, and procurement based on essential needs is cautious; thus, the demand side offers weak momentum to the market.

Market Outlook

Currently, trading activity in the Shandong cyclohexanone market remains subdued, with limited support from the supply-demand side. Prices are expected to fluctuate within a narrow range in the near term. Market participants should closely monitor developments regarding supply, demand, and costs.