1. Price Trend
As of June 27, the average price of domestic industrial-grade high-quality cyclohexane remained stable this week. The price fluctuation was not large. The downstream demand was insufficient, and the price increase momentum was insufficient. Replenishment was mainly based on demand. The spot market supply was sufficient, and the supply and demand were mainly balanced in the short term.
2. Market analysis
The focus of domestic cyclohexane market negotiations is stable, downstream purchasing intention is not strong, replenishment is mainly based on demand, and the negotiation atmosphere is not positive. At present, the pressure on cyclohexane inventory is relatively large, inventory is running at a high level, spot supply is sufficient, market consumption is slow, contract customers mainly purchase based on rigid needs, and downstream purchases lack enthusiasm. At present, the overall cyclohexane market is under pressure, and the cyclohexane market price is weak this week.
On the upstream side: domestic oil prices fell twice during the week, driving down the price of pure benzene. Sinopec’s pure benzene price was reduced by a total of 300 yuan/ton to 6,100 yuan/ton. The cost side lacked strong support and faced pressure of losses. Purchasing sentiment was obviously not good, downstream demand performed poorly, the wait-and-see sentiment of the industry remained, and purchasing accumulation was insufficient. As of June 27, the pure benzene market in East China was in a stalemate, and the price in Shandong market fell significantly. The overall market atmosphere was poor, and the market industry operated cautiously.
Downstream: On June 27, the price of cyclohexanone in South China was 7,450 yuan/ton delivered to Shandong region. The cyclohexanone market in South China was weak, the cost side lacked support, and downstream orders were cautious in following up. The market was high-priced and shipments were not smooth, and the transaction atmosphere was poor. Cyclohexanone in East China was weak in the East China market today, and pure benzene fluctuated.
3. Market Forecast
Currently, the downstream demand for cyclohexane is average, shipments are slow, and inventory pressure is high. It is expected that the cyclohexane market will lack upward momentum in the short term and prices will maintain the current trend.
Post time: Jun-30-2025