According to the Commodity Market Analysis System of Shengyi Society, on December 26th, the domestic cyclohexanone market price reference was 8900 yuan/ton. On December 1st, the domestic cyclohexanone market price reference was 8950 yuan/ton, with a price reduction of 50 yuan/ton, a decrease of 0.56%.

From the commodity market analysis system of Shengyi Society, it can be seen that in December, the domestic cyclohexanone market as a whole showed a “first rise and then fall” operation. In the first half of the month, the overall market situation of cyclohexanone rose, and the high price of pure benzene on the raw material side provided enhanced cost support for cyclohexanone. The low-priced supply of cyclohexanone in the market decreased, and the market situation approached upward. On December 10th, the price of cyclohexanone rose to the highest point of the month, with a reference price of 9162 yuan/ton, an increase of 2.37% in the first half of the month.

In the middle and late months, the cyclohexanone market fell from a high level, the raw material market slightly weakened, the cost support weakened, downstream users’ purchasing enthusiasm was poor, high priced goods transactions were light, and the transmission between supply and demand was slow, resulting in a continuous decline in market conditions. On December 26th, the market price of cyclohexanone was referenced at 8900 yuan/ton, with a decline of 2.86% in the latter half of the year.

In terms of upstream pure benzene: On December 25th, the reference price of pure benzene was 7511.33 yuan/ton, an increase of 2.36% compared to December 1st (7338 yuan/ton).

Market analysis in the future

At present, the supply of cyclohexanone market is abundant, and downstream demand is mainly based on on-demand procurement. The raw material end fluctuates between regions, and the cost support is relatively stable. The cyclohexanone data analyst from Shengyi Society believes that in the short term, the domestic cyclohexanone market will mainly be weak and operated, and specific changes in supply and demand information need to be paid more attention to.