Europe CX market becomes balanced

LONDON (ICIS)–The European cyclohexane (CX) market has become balanced, according to sources on Wednesday.

Tightness was said to have eased gradually over recent weeks, creating stability in the market.

Demand remains healthy,  met by steady supply.

Product availability has improved this month, and spot material is available from both European and non-European producers, according to one buyer.

Stability in the market is expected to continue for the rest of the quarter, according to sources, as long as supply and demand fundamentals remain steady.

This week, European producer CEPSA is scheduled to begin a planned shutdown at Huelva, Spain, which will last approximately 15 days.

Meanwhile, downstream production restarted earlier this month, following recent planned maintenances at LANXESS and Solvay.