According to the Commodity Market Analysis System of Business Society, from April 15th to 22nd, the average price of cyclohexanone in the domestic market remained at 9662 yuan/ton, with a month on month decrease of 0.32% and a year-on-year increase of 1.71% during the cycle. The raw material pure benzene tends to fluctuate strongly, resulting in high cost pressure. Part of the cyclohexanone units have been shut down, resulting in a slight decrease in the supply of cyclohexanone in stock. Downstream purchases are more on demand, and under cost pressure, the low price of cyclohexanone in the market has decreased.
On the cost side, raw material pure benzene: The pure benzene market fluctuates at a high level. As of April 22nd, the benchmark price of pure benzene for Shengyishe is 8717.17 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 close to 70%, which is at a relatively low level. The weekly operating load of cyclohexanone is 66.36%, and the weekly production is 100600 tons, which is a decrease from the previous cycle. The supply of cyclohexanone is influenced by favorable 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 market price of caprolactam has fallen, some maintenance devices have resumed, supply has increased, and downstream PA6 chip prices have partially fallen. The procurement of raw materials for polymerization factories has slowed down, and overall market confidence is weakening. The focus of spot negotiations for caprolactam is decreasing. The demand side for cyclohexanone is temporarily bearish.
In the future market forecast, the raw material pure benzene is operating in a volatile manner, with high cost pressure. Downstream demand is average, and the market spot supply is stable. Business Society cyclohexanone analysts predict that the domestic cyclohexanone market will consolidate and operate in the short term.
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