1、 Price trend

According to data monitored by Shengyi Society, as of July 12th, the average price of domestic industrial grade high-quality cyclohexane was 8550 yuan/ton. In July, cyclohexane prices remained stable, but the overall market lacked upward momentum. Currently, downstream demand from manufacturers is average, and the market transaction atmosphere is positive. The prices of mainstream cyclohexane factories are stable with a strong trend.

2、 Market analysis

In terms of cost: In early July, the upstream pure benzene prices were weak, and the inventory of ports in East China increased. The inventory of pure benzene ports in Jiangsu was 30000 tons, an increase of 9000 tons from the previous period’s inventory of 21000 tons, and a decrease of 83.9% from the same period last year. The market supply is abundant, the pure benzene market continues to decline, and the cost side crude oil market prices are running low, with insufficient support on the cost side.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that there is currently insufficient support from the upstream cost side and insufficient demand from the downstream. It is expected that the cyclohexane market will maintain its current trend in the short term, with a mainstream price range of 8500 yuan/ton.