The domestic market of cyclohexanone rose slightly. According to the monitoring data of business agency, the average price of domestic cyclohexanone producers was 5633 yuan / ton at the beginning of the week and 5733 yuan / ton at the weekend, up 1.78% during the week. The price fell 4.44% month on month compared with the same period last month and 30.36% lower than the same period last year.
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The cyclohexanone market rose slightly this week. Recently, the pure benzene market is relatively strong. Sinopec’s pure benzene was listed on August 5 and increased by 100 yuan / ton, which strongly supported the cost side. At the beginning of the week, Luxi oxidation plant was shut down for maintenance, and other factories reduced production and increased load. Generally speaking, the daily output was reduced, but the social inventory was abundant, and caprolactam market was also in full swing On August 4, Sinopec offered 9600 yuan / ton of caprolactam this week, reduced 200 yuan / ton, accepted and picked up high-quality liquid products in June, and the price difference between cyclohexanone and caprolactam continued to decrease. Most of the downstream chemical fiber procurement was just needed, and the solvent followed the market.
Raw materials, pure benzene: the price of pure benzene rose this week. During the week, pure benzene in East China fell first and then rose, and the trading atmosphere turned lighter than last week. From July 31 to August 4, due to the continuous rise of port inventory and the influence of weak crude oil, the pure benzene in East China fluctuated and softened, and the spot negotiation went down to 3400-3500 yuan / T, with low-end and high-end cash withdrawn. On the 5th, Sinopec made up 100 yuan / ton due to the high external price, which had no obvious impact on the market price. However, due to the rise in crude oil, the market center of gravity followed up slightly.
Caprolactam: the spot price of caprolactam fell this week. At present, the cost side is still relatively strong, Sinopec’s listing of pure benzene continued to rise by 100 to 3450 yuan / ton this week, and the spot price in East China market was 3500-3600 yuan / ton. The price difference of benzhexyl continues to narrow, and the market mentality of caprolactam is different. Enterprises adjust according to their own cost and inventory.
Adipic acid: the domestic adipic acid market rose narrowly this week, and the actual single transaction was light. This week is at the end of the month and the beginning of the month, the focus of the industry is mainly on the factory linked settlement. The actual invoice price of each factory is rational, basically in line with the psychological expectations of the middle and lower reaches. Crude oil overall upward, external plate narrow upward, raw material pure benzene main business listing increased to 3450 yuan / ton, cost side pressure increased; at the same time, Hualu Hengsheng released the good news of overhaul since August 7, and the factory has strong intention to support the market.
In terms of cost, the maintenance of Luxi and Hualu cyclohexanone and the increase of other factories’ burden, the supply of cyclohexanone is expected to decrease slightly. However, due to the sluggish demand of chemical fiber market, the shipment of cyclohexanone is hindered and the social inventory is on the high side. From the perspective of demand, the terminal market demand is still weak, and the downstream caprolactam supply is abundant. At present, the price difference of cyclohexanone caprolactam is near the cost line of 3000 yuan / T, and it is expected that chemical fiber procurement will still be mainly on demand. Business community cyclohexanone analysts predict that short-term cyclohexanone narrow range fluctuations.
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