Cyclohexane prices across the European and Asian markets witnessed subdued conditions during April and early May xxxx, driven by weak demand and reduced production. The continued decline in feedstock Benzene prices remained the primary factor behind the global downtrend in Cyclohexane costs.
In China, a brief price uptick of approximately xx was recorded during mid-April xxxx in the Cyclohexane prices. This increase stemmed from growing market speculation due to the limited availability of feedstock Benzene, following scheduled maintenance shutdowns at multiple facilities in mainland China and a drop in Benzene exports from South Korea.
Data from market sources indicated that the average operating rate at petroleum-based Benzene production plants in China stood at xx.xxx, representing a x.xxx decline from the previous week. Several production units entered turnaround phases during this period, leading to a reduction in spot...
