1. Price Trend
On July 17th, the price of cyclohexanone in Shandong Province increased by 11.54% compared to July 1st.
In early July (July 1st-July 17th), the Shandong cyclohexanone market showed a steady upward trend, with the market price gradually shifting towards higher levels, and lower-end prices decreasing.
2. Analysis of Key Influencing Factors
Supply Tightening: At the beginning of the month, some cyclohexanone equipment in China underwent concentrated maintenance, reducing the supply of cyclohexanone in the market and shrinking the spot market volume. Some major factories were operating at low capacity, and available inventory continued to decrease. Traders became more reluctant to sell, actively pushing up prices. Overall supply tightening supported the upward trend of market prices.
Rising raw material costs: Upstream benzene prices strengthened in tandem, increasing production costs. Factories showed a strong willingness to maintain prices and follow suit, providing support from the cost side.
Downstream demand is showing signs of recovery: Downstream demand for coatings, PU, and adipic acid has rebounded somewhat, with increased restocking at lower prices. Market trading activity has improved, and this demand is supporting spot prices.
Market sentiment is driving prices: The prolonged period of consolidation at low levels created expectations of a price rebound. Low inventory levels among holders led to a concentrated release of bullish sentiment, resulting in a gradual price increase.
3. Market Outlook
Currently, the trading atmosphere in the Shandong cyclohexanone market is moderate, with adequate support within the market. It is expected that the Shandong cyclohexanone market will mainly consolidate at high levels in the short term. Further attention should be paid to changes in supply and demand, as well as news regarding costs.
Post time: Jul-22-2026