1、 Price trend

According to data monitored by Shengyi Society, as of June 13th, the average price of industrial grade high-quality cyclohexane in China was 7333 yuan/ton. Recently, cyclohexane prices have been weak, with a narrow downward adjustment. Compared with the beginning of this week, the price has dropped by 1.57%, or about 50 yuan/ton. Compared with the same period last month, the price has dropped by 2.6%, or about 130 yuan/ton. Currently, the mainstream price of cyclohexane remains at around 7400 yuan/ton.
2、 Market analysis
The negotiation atmosphere in the domestic cyclohexane market is quiet, with a low focus on negotiations. Currently, cyclohexane inventory pressure is relatively high, shipments are slow, and contract customers mainly purchase for immediate needs. Downstream procurement lacks enthusiasm, and the overall cyclohexane market is under pressure. The mainstream transaction price is currently concentrated at around 7400 yuan/ton, and the cyclohexane market price is weak this week.
Upstream: The pure benzene market was mainly strong in the early stages of the weekend. On June 12th, the mainstream spot price of pure benzene in the East China market was 6100 yuan/ton, and the mainstream spot price in the Shandong market was 6150 yuan/ton. On June 13th, the East China pure benzene market opened high and rose sharply. On June 12th, the pure benzene price of Jiangsu Xinhai Petrochemical was raised by 200 yuan, with a price of 6205 yuan/ton.
Downstream: This week, the cyclohexanone market first weakened and then strengthened, with downstream users showing serious resistance to high prices. Purchasing is cautious, with a focus on stocking up for immediate needs. Market participants adopt a cautious and wait-and-see attitude, resulting in low purchasing willingness. On June 12th and 13th, the cyclohexanone market was mainly strong, with stable supply sources and normal plant start-up. Currently, the cyclohexanone price in South China is around 7400 yuan/ton.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that currently the downstream demand for cyclohexane is average, the upstream cost support is limited, inventory pressure is high, and shipments are slow. It is expected that the short-term upward momentum of the cyclohexane market will be insufficient, and the price increase space will be limited.