1、 Price trend
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According to data monitored by Business Society, as of August 9th, the average price of industrial grade high-quality cyclohexane in China this week was 7966.67 yuan/ton, with cyclohexane prices remaining stable. Currently, downstream demand is average, and cyclohexane market inventory is running at a high level, resulting in slow shipments. Downstream purchases are mainly for essential needs, and businesses are adopting a cautious and wait-and-see attitude.
2、 Market analysis
In terms of cost: In terms of upstream pure benzene, the pure benzene market was weak at first and then strong in August, and the supply of pure benzene is in a recovery state. Currently, the demand for essential goods is relatively stable. With the peak season in late August and the need for stocking during the National Day holiday, market prices will also show a strong trend.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the short-term cyclohexane market price is expected to remain stable with a weak trend. Currently, the upstream cost support is average, and downstream demand is weak. The mainstream price range for cyclohexane is 8000 yuan/ton.
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