1、 Price trend
According to data monitored by Shengyi Society, as of July 24th, the average price of domestic industrial grade high-quality cyclohexane was 8133.33 yuan/ton, with stable price operation as the main factor, weak downstream demand, and high inventory operation, mainly driven by rigid demand procurement.
2、 Market analysis
In terms of cost, the upstream pure benzene market continues to operate and consolidate at a low level, while the spot prices in the East China pure benzene market continue to consolidate at a low level. Low end prices are the main focus of transactions, and there are signs of price rebound. The price of Dongying Wanda Tianhong pure benzene has been raised by 40 yuan to 8570 yuan/ton, and the plant’s approximately 20000 ton pure benzene unit will be shut down for maintenance in mid June.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the upstream cost support is insufficient, inventory is high, and downstream demand is insufficient. It is expected that the short-term stable operation of the cyclohexane market will be the main trend, with a mainstream price range of 8200 yuan/ton.
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