Domestic cyclohexanone fell first and then consolidated, and the overall market price fell in July. According to the monitoring data of the business agency, the average price of domestic cyclohexanone producers was 6125 yuan / ton at the beginning of the month and 5633 yuan / ton at the end of the month, a decrease of 8.03% within the month. The price fell by 32.40% compared with the same period last year.
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In July, cyclohexanone market first fell slightly and then fluctuated in a narrow range. In the first half of the year, the spot market of pure benzene fluctuated in a narrow range, and the cost support was stable. However, the price of caprolactam in the downstream market was weak, and the orders for chemical fiber were mostly purchased on a just need basis. The pressure on the shipment of cyclohexanone was increasing. Although some factories stopped for maintenance, the spot supply was still relatively abundant and the cyclohexanone market was weak. At the end of the month, the pure benzene market was relatively strong, but the terminal demand was not significantly improved. Downstream purchasing on demand, cyclohexanone was passively and slightly explored under the cost pressure, and the market low price was reduced. However, the market confidence in the future market was insufficient, and the market transaction atmosphere was general.
Raw materials, pure benzene: the price of pure benzene rose this month. At the beginning of the month, the price of pure benzene in Shandong Province dropped rapidly to 2800-2900 yuan / ton due to the impact of low price of hydrobenzene in Shandong Province, and the price of downstream factories was seriously depressed. However, at this time, the downstream and traders’ bottom reading intention increased, and the price of refined low-priced goods was better, and the price began to rebound. However, due to the unprecedented pressure on the port to pick up goods, downstream buyers tend to lower prices, and high prices are generally traded. Therefore, in the first ten days of the month, the trading atmosphere in Shandong market turned to be cautious and wait-and-see, and the rebound was limited. By the middle of June, a new refinery in Dongying purchased pure benzene as starting material, driving up the price of pure benzene in surrounding refineries.
Caprolactam: the caprolactam market fell sharply in July 2020. Since the last ten days of June, the negative factors of caprolactam market have gradually appeared. The downstream textile demand is weakening, the intermediate link demand transmission is blocked, the weaving and spinning link inventory is accumulated, and the demand side weakness continues to conduct upward in July. The downstream spinning and polymerization factories begin to reduce the burden and production, and the caprolactam demand decreases, while the manufacturers maintain a high start, and the caprolactam supplier pressure increases Big. In addition, pure benzene rose to a high point of 3700 yuan / ton in June, and then began to fall. On July 1, Sinopec’s listed price of pure benzene fell to 3100 yuan / ton. The pressure transmission at the demand side added cost disadvantage, which accelerated the decline of caprolactam price. The spot price of caprolactam fell from 10100-10200 yuan / ton at the beginning of the month to 9200-9300 yuan / ton in the middle and late ten days.
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Adipic acid: due to fluctuation of raw materials and downstream demand, domestic adipic acid market fell first and then rose in July. In the first and middle of the month, the market demand was low, and the market bidding was lower; in the second ten days of the month, driven by the cost, the spot market offer was high with rhythm.
According to the price monitoring of the business agency, in July 2020, there were 32 kinds of commodities in the chemical industry sector that rose on a month on month basis, of which 15 commodities increased by more than 5%, accounting for 16.7% of the total number of commodities monitored in the plate. The top three commodities that increased were sulfuric acid (42.50%), butadiene (29.83%) and propane (14.43%). There were 43 kinds of commodities with a decrease of more than 5%, accounting for 18.9% of the total number of monitored commodities in the sector; the top three products were acetone (- 38.02%), phenol (- 19.93%) and isopropanol (- 18.75%). This month, the average rise and fall was – 0.47%..
From the supply side, Hualu Hengsheng has a maintenance plan in August, but in the near future, the spot supply is relatively abundant, the shipment of cyclohexanone is blocked, and the social inventory pressure is relatively high. From the demand side, the terminal demand has not obviously improved for the time being, and the downstream caprolactam supply is also becoming abundant. The expected enthusiasm for outsourcing is still weak, and most of them are just needed goods. Business community cyclohexanone analysts predict that short-term cyclohexanone market consolidation
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