1、 Price trend
| Thiourea |
According to data monitored by Shengyi Society, as of October 18th, the average price of industrial grade high-quality cyclohexane in China this week was 7833.33 yuan/ton, an increase of 2.17% compared to the same period last week. The price of cyclohexane remained relatively strong this week, with manufacturers mainly offering discounts and taking orders, active shipments, decent downstream demand, slow inventory consumption, and overall market purchasing enthusiasm.
2、 Market analysis
In terms of cost, the pure benzene market has been mainly weak this week. Currently, the atmosphere of on-site negotiations is light, and the crude oil market is sluggish. The cost side of cyclohexane lacks favorable support, and the price of pure benzene has followed the weakness of crude oil. The main issue is the destocking of port inventory. However, there is a large accumulation of inventory in the future, and the market mentality is unstable. The local refining market in Shandong continues to decline.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the short-term upward momentum of the cyclohexane market price is expected to be limited, and the current trend will be maintained.
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