1、 Price trend

As of May 26th, the average price of domestic industrial grade high-quality cyclohexane is 7416 yuan/ton. Currently, cyclohexane is mainly operating in a narrow range, and weak demand is suppressing its upward trend.
2、 Market analysis
In terms of supply, domestic supporting refining and other facilities have started operating steadily, with an overall capacity of 62% -66%, no centralized maintenance, sufficient spot circulation, synchronized and stable operation of supporting caprolactam facilities, and an increase in the external supply of commodity cyclohexane. The overall market supply is loose, and traders have high inventory levels in the early stage, with a strong willingness to ship and a focus on profit sharing.
In terms of demand, the core downstream demand for cyclohexanone, adipic acid, and nylon slices has been followed up, with no centralized replenishment of inventory, maintaining a small amount of procurement according to demand. The downstream demand for coatings and pharmaceutical solvents is low during the off-season, with low production rates and a slower pace of procurement. Downstream demand is resistant to high priced raw materials, and the wait-and-see sentiment has intensified after the price drop, with very little stock taking.
Market mentality: This week, the market fell first and then stabilized. Traders mainly focused on destocking, while downstream traders watched and waited for lower prices. Trading on the market was light, with most transactions being small orders for immediate needs and no large orders being made.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that with sufficient supply, off-season demand, and no significant rebound in costs, the short-term cyclohexane volatility is weak, and there is insufficient momentum for a significant increase; If pure benzene stops falling and stabilizes, spot prices may maintain a sideways consolidation in the current range of 6000-6900.