According to the Commodity Market Analysis System of Business Society, from May 6th to 11th, the average price of cyclohexanone in the domestic market increased from 9662 yuan/ton to 9681 yuan/ton, with a price increase of 0.19% during the cycle, a month on month increase of 0.39%, and a year-on-year increase of 1.69%. The domestic price of cyclohexanone has been consolidating and running, with high fluctuations in pure benzene after the holiday, and the cost pressure remains unchanged. Downstream chemical fibers and solvents are mostly purchased on demand, with stable and abundant spot supply in the market. High priced shipments are hindered, and the market is undergoing consolidation and operation.
On the cost side, raw material pure benzene: The pure benzene market fluctuates at a high level. As of May 11th, the benchmark price of pure benzene for Shengyishe is 8758.83 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 operating load of cyclohexanone is 67.46%, with a weekly production of 105100 tons, which has increased compared to the previous week. 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 price of caprolactam has risen, and there has been good demand in the downstream PA6 chip market recently. The prices of polymerization factory chips have risen and production has remained high, providing support for the demand for caprolactam. And currently, the difference between benzene and caprolactam is relatively low, and cost pressure still exists for caprolactam enterprises, leading to an increase in product prices. The demand for cyclohexanone is temporarily positive.
In the future market forecast, there will be significant cost pressure and average downstream demand. There is a slight expectation of a decrease in spot supply in the market. The cyclohexanone analyst from Shengyishe predicts that the domestic cyclohexanone market will be strong in the short term.
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