1、 Price trend

According to data monitored by Business Society, as of March 27th, the average price of industrial grade premium cyclohexane in China was 7200 yuan/ton. In March, the price range of cyclohexane was the main trend. In March, the supply side of the cyclohexane market was tight, inventory remained low, production was limited, downstream demand increased, and mainstream cyclohexane factory prices were the main trend.

2、 Market analysis

In March, the domestic cyclohexane market prices were dominated by tight inventory from manufacturers and a positive attitude towards downstream procurement. The overall market transaction atmosphere was still good, with holders holding up prices. In early March, the upstream pure benzene price fluctuated and rose. Due to the continuous increase in crude oil prices, pure benzene prices surged and manufacturers continued to quote higher prices. The negotiation center was operating at a high level, and the increase in upstream raw materials provided positive support for the cost side of cyclohexane. In late March, crude oil prices returned to stability and were weak overall. After digesting the previous gains, upstream raw material prices also fluctuated and decreased. As of March 27th, the domestic pure benzene price was in the stage of consolidation at 8353-8550 yuan/ton.

In terms of supply, the overall market operating rate of cyclohexane remained stable in March, with increasing downstream demand. Due to limited production of cyclohexane, inventory continued to operate at a low level, resulting in tight supply of spot goods and normal consumption of inventory. As a result, the overall market supply was tight.

In terms of cost: In March, upstream pure benzene fluctuated and the overall market showed a downward trend, mainly due to the influence of crude oil prices. In March, pure benzene prices were in a weak consolidation stage. Starting from mid March, crude oil prices rose, and pure benzene had some support on the cost side. Cyclohexane provided strong support on the cost side, and the price continued to rise, showing a strong trend. In late March, crude oil prices returned to stability, and pure benzene prices were in a weak consolidation stage. Cyclohexane prices showed a weak and strong trend.

In terms of demand: Currently, the downstream demand for cyclohexane is relatively optimistic, and downstream chemical fiber enterprises have a positive purchasing atmosphere. The focus of negotiations is on high-level operations, with small orders from contract customers as the main focus, limited new orders, and a stable downstream operating rate. The spot supply is also stable.

3、 Future Market Forecast

Business Society’s cyclohexane analyst believes that the current downstream market procurement atmosphere is positive, with small orders in the solvent market following suit, and upstream cost support being average. The trend is fluctuating and consolidating, and inventory is currently operating at a low level. It is expected that the cyclohexane market will maintain its previous trend in the short term, with mainstream prices ranging from 7200 to 7300 yuan/ton.