1、 Price trend
According to data monitored by Shengyi Society, as of November 29th, the average price of domestic industrial grade high-quality cyclohexane was 7641.67 yuan/ton. In November, the cyclohexane market operated weakly, with prices showing a downward trend. Currently, the market transaction price remains at around 7500 yuan/ton, with sufficient supply of cyclohexane in the market and slow downstream consumption. The overall market has a strong wait-and-see atmosphere.
2、 Market analysis
Market wise: At the end of November, the cyclohexane market showed a slight rebound with a narrow upward trend in prices. The auction price of cyclohexane in Shandong region increased, and downstream factories purchased according to demand. Currently, the cost support for cyclohexane is average. In November, the pure benzene market first fell and then rose, with negotiated prices around 7400 yuan/ton. Port shipments were active, but inventory accumulation did not meet expectations. Currently, the supply of pure benzene in the market continues to increase, and there is a possibility of a decline in pure benzene prices,.
Downstream: The shipment volume of caprolactam in the downstream is good, and the price is running strong. There is a slight shortage in the supply side. Currently, the overall operating rate is relatively stable, and inventory consumption is normal without pressure. Cost support still exists. Overall, the supply side of the caprolactam market remains tight, and it is expected to maintain the current trend in the short term.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the upstream price of cyclohexane is generally supported, and downstream shipments are good. However, the supply of cyclohexane is relatively loose, and the overall market is in a supply-demand balance. In the short term, cyclohexane will maintain its current trend.
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