In late March ****, Cyclohexane prices remained witnessed a stability across the European and Asian markets amidst a decline in feedstock Benzene prices and unfavorable demand conditions from the downstream paints and coatings as well as caprolactam industries.
The stability in Cyclohexane prices across the Asian market was largely attributed to lower production levels, as operating rates of Benzene Dehydrogenation units continued to decline. Operating rates were assessed at approximately *** across East China, resulting in moderate Cyclohexane output. This supported market fundamentals and prompted suppliers to maintain largely stable quotations.
Oversupply conditions in the feedstock Benzene market continued to weigh on production. In early March ****, total commercial inventory of pure Benzene at Jiangsu ports stood at ***,*** tons, reflecting an increase of **,*** tons. This inventory buildup led to lower Benzene futures in the domestic...
