Market Review: The Chinese cyclohexanone market moved firmly this week. Benzene prices moved marginally at lows, and the support to cyclohexanone producers was weak. Some units were shut and the inventory was consumed to a low level. Producers’ sentiments were fairish. Traders operated flexibly. Up to April 26, 2018, prices for cyclohexanone in Shandong were in the range of RMB 11,500-11,700/mt, up RMB 80/mt. Prices for cyclohexanone in East China were in the range of RMB 11,800-12,000/mt, up RMB 80/mt.
Forecast: The benzene market will continue to move marginally in the short term. The support to the cyxlohexanone market is not ample. Producers will hold firm offers in the short term. However, the downstream demand will continue to be weak, especially in the chemical fiber market. It is predicted that the cyclohexanone market will continue to move weakly in the short term.
List of cyclohexanone: https://www.echemi.com/searchGoods/pid_Seven3075-cyclohexanone.html
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