According to the Commodity Market Analysis System of Business Society, from March 18th to 22nd, the average price of cyclohexanone in the domestic market dropped from 9768 yuan/ton to 9693 yuan/ton, with a price drop of 0.77% during the cycle, a month on month decrease of 3.54%, and a year-on-year increase of 2.40%. The domestic cyclohexanone market is operating weakly, with the raw material pure benzene rising first and then falling in recent times. The cost support has weakened from strong to weak, and downstream chemical fibers are purchased on demand. The spot supply of cyclohexanone in the market is stable and abundant, and downstream high prices are generally following suit. High priced shipments are hindered, and the focus of transactions has declined.
On the cost side, raw material pure benzene: The domestic production of pure benzene has slightly increased, and downstream inventory of essential raw materials is low. Demand based delivery is stable, and the price of pure benzene fluctuates and falls after a high opening. As of March 22, the benchmark price of pure benzene for Shengyishe is 8540.50 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price trend of cyclohexanone, and the short-term cost of cyclohexanone is influenced by favorable factors.
On the supply side, according to the commodity market analysis system of Business Society, the domestic production capacity of cyclohexanone is about 7.14 million tons, and the current operating load is about 60%, which is at a relatively low level. The average weekly operating load of cyclohexanone is 69.80%, with a weekly production of 106900 tons, an increase from the previous cycle. The supply of cyclohexanone is affected by bearish factors.
On the demand side, cyclohexanone units are mainly equipped with downstream production of caprolactam, which is one of the main downstream sources of cyclohexanone. The caprolactam market is running weakly, with abundant supply of caprolactam in recent times, which has constrained market confidence. In addition, upstream pure benzene prices have fallen, resulting in empty costs and supply. The caprolactam market continues to weaken. The demand side for cyclohexanone is temporarily bearish.
In the future market forecast, pure benzene will operate in a volatile manner, with relatively stable cost support. Downstream demand is high with on-demand procurement, and the market spot supply is stable and abundant. Business Society cyclohexanone analysts predict that the domestic cyclohexanone market will mainly consolidate in the short term.
| http://www.pva-china.net |