1、 Price trend

According to data monitored by Business Society, as of May 28th, the average price of industrial grade premium cyclohexane in China was 7466.67 yuan/ton. In May, the price of cyclohexane showed a weak downward trend, and the overall market upward momentum was insufficient. Currently, downstream demand from manufacturers is average, and the market transaction atmosphere is positive. Mainstream cyclohexane factory prices have remained stable and strong.

2、 Market analysis

In terms of imports and exports, the total import volume of cyclohexane in April was 0.231 tons, an increase of 477.5% compared to 0.04 tons in March. The import amount in April was 4688 US dollars, with an average import price of 20294.37 US dollars/ton. The export volume in April was 3558.939 tons, a decrease of 13.14% compared to 4097.1 tons in March. The export amount in April was 3396853 US dollars, with an average export price of 954.46 US dollars/ton. In April 2024, China exported a large amount of cyclohexane to Japan, with an export quantity of 2890 tons, accounting for 81% of the total export volume; South Korea ranks second with an export volume of approximately 324 tons, accounting for 9% of the total export volume, while other countries have lower export volumes.

In terms of cost: In May, the upstream pure benzene price remained stable with a strong trend. According to customs statistics, in April 2024, foreign trade imported 264290.61 tons of benzene, a decrease of 24.43% compared to the previous month and an increase of 22.69% compared to the same period last year. The export volume showed a downward trend and maintained the current trend in the short term.

In terms of demand: Downstream lactam has slightly increased, downstream operating rates have increased, demand for raw materials has improved, the market trend is upward, and terminal demand has increased. It is expected to maintain the current trend in the short term.

3、 Future Market Forecast

Business Society’s cyclohexane analyst believes that currently, the upstream is operating in a narrow and strong range, while downstream demand is still acceptable. It is expected that the cyclohexane market will maintain a strong trend in the short term, with the mainstream price range being 7500 yuan/ton.