Price trend
According to the data monitored by the Business News Agency, as of January 31, the average price of domestic industrial first-class cyclohexane was 7,066.67 RMB/ton, with an overall increase of 0.47% in January. The market was stronger in a narrow range, with the price rising by 0.95% compared with the same period last week.
Analysis review
The average price of domestic industrial grade superior cyclohexane was 7,066.67 RMB/ton. As of the 31st, the range of quotations from mainstream manufacturers had remained about 7,000 RMB/ton, and the operating rate was stable. The downstream purchased just in needed, and the negotiation atmosphere was fair. Recently, the bullish atmosphere was obvious. The latest price of the enterprise: Jinan Hengtong Chemical Co., Ltd. 6,400 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. 6,600 RMB/ton, Shandong Lifeda Fine Chemical Co., Ltd. 6,500 RMB/ton, Jinan Jutai Chemical Co., Ltd. 6,200 RMB/ton.
Chemical index: The chemical index stood at 926 points on January 30, up 3 points from the previous day, down 33.86% from the highest point of 1,400 points in the cycle (2021-10-23), and up 54.85% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).
Market outlook
Cyclohexane analysts of the Business Agency believe that the cyclohexane market will be stronger in the short term.
