The Center of Cyclohexanone Prices in Shandong Shifted Downward in May

Share:

According to data monitoring by the Commodity Market Analysis System of SunSirs, the Shandong cyclohexanone market in May exhibited a continuous downward trend: prices saw a slight, gradual decline in the first ten days, followed by an accelerated plunge during the middle and latter parts of the month, with the rate of decline widening as the month drew to a close.

At the beginning of the month, the market price in Shandong stood at 9,750 RMB/ton; prices remained stable during the first week, showing no significant fluctuations. Starting on the 7th, the market entered a downward trajectory. By mid-month, the decline halted and prices staged a slight rebound, though the upward momentum proved insufficient. As the month neared its end, the market resumed its downward slide, hitting a monthly low; by might 31, the reference price in the Shandong market was in the range of 9,150–9,250 RMB/ton.

Analysis of Core Influencing Factors

In terms of supply and demand

Ample Supply: Domestic cyclohexanone plant operating rates remain high, leading to an accumulation of spot inventory at major facilities. With abundant supply, manufacturers have continuously lowered ex-factory prices to minimize stock, driving the overall market price downward.

Weak Demand: Key downstream sectors are experiencing unit maintenance and declining operating rates, resulting in reduced essential procurement. Downstream end-consumers are purchasing cautiously; resistant to high prices, they are placing only small, as-needed orders. Market trading is sluggish, and overall demand performance remains poor.

Cost Side: Cost-side support weakened

Prices of the upstream raw material benzene have fluctuated downward, with market quotes seeing successive reductions. Consequently, the production cost of cyclohexanone has declined; the loss of this cost floor has given producers room to adjust prices, further driving down spot market rates.

Market Outlook

Trading activity in the cyclohexanone market remains subdued, with limited underlying market support. In the short term, the loose supply-demand stability is unlikely to shift rapidly; spot prices are expected to continue fluctuating at low levels. However, the downward direction could moderate if benzene prices rebound and downstream sectors engage in concentrated restocking. Moving forward, close attention should be paid to demand-side dynamics, the restart schedules of downstream facilities, and cost-side trends; a genuine recovery in prices will only be possible if there is a substantive improvement in demand.

Previous

Chengfeng New Materials, a manufacturer of polyurethane soft foam, has had its IPO application accepted by the Beijing Stock Exchange.

Next

Yitong Petrochemical hikes pure Benzene prices in China

Quick inquiry

Create

Inquiry Sent

We will contact you soon