According to the commodity market analysis system of Business Society, on January 14, 2025, the ex-factory price of cyclohexanone in the Shandong region of China was referenced at 6,350 yuan per ton. Compared with January 1, the price remained largely unchanged; compared with December 1 (when the cyclohexanone price was referenced at 6,387 yuan per ton), the price decreased by 37 yuan per ton, a decline of 0.59%. In early January, the cyclohexanone market in Shandong exhibited a fluctuating trend characterized by "initial stability, followed by a decline, and then a rebound."
As observed from the Business Society commodity market analysis system, at the beginning of January, the cyclohexanone market in Shandong remained stable, with minimal fluctuations in the market. Overall, it was in a consolidation phase, with limited price elasticity in the market. On the 9th, the market price of cyclohexanone in Shandong experienced a slight downward adjustment, dropping to around 6,300 yuan per ton. Subsequently, the market continued to consolidate. On the 14th, supported by cost factors, cyclohexanone prices rebounded, returning to the levels seen at the beginning of the month. As of January 14, the market price of cyclohexanone in Shandong was referenced at around 6,350–6,400 yuan per ton.
Analysis of Core Influencing Factors
Cost Aspect: At the beginning of the month, the raw material benzene experienced narrow fluctuations, providing relatively stable cost support for cyclohexanone. Subsequently, the benzene market experienced a slight decline due to fluctuations in crude oil prices and weak downstream demand, weakening the cost support for cyclohexanone production. To ensure sales volume, companies were forced to lower their quotations. Later, the benzene market rebounded due to a recovery in crude oil prices and manufacturers' efforts to maintain prices, restoring cost support for cyclohexanone production. Companies then took the opportunity to raise their quotations.
Supply and Demand Aspect: In early January, the supply side of the cyclohexanone market remained relatively stable. During the period of price declines, downstream demand improved as buyers took advantage of lower prices for restocking. After the cyclohexanone market rebounded, demand returned to a weak and steady state.
Future Market Analysis
Currently, trading activity in the cyclohexanone market is subdued and moderate. Pre-holiday stocking by downstream buyers has not fully commenced, and the overall supply-demand transmission in the market remains weak and stable. Business Society's cyclohexanone data analyst predicts that, in the short term, the cyclohexanone market in Shandong will likely continue to fluctuate within a range. Further attention should be paid to changes in supply and demand dynamics.
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