Expectations of a recovery in the cyclohexanone market

According to the commodity market analysis system, from May 13th to 22nd, the average price of cyclohexanone in the domestic market increased from 9681 yuan/ton to 9687 yuan/ton, with a price increase of 0.06% during the cycle, a month on month increase of 0.26%, and a year-on-year increase of 3.28%. The domestic cyclohexanone market is expected to rebound, with the raw material pure benzene operating stronger, increasing cost pressure, downstream on-demand procurement, and a stronger market consolidation

 

Cost side, raw material pure benzene: The market trend of pure benzene is narrow. As of May 22nd, the benchmark price of pure benzene for Shengyishe is 8833.83 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 66.14%, with a weekly production of 103000 tons, which has decreased compared to the previous week. 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 price of caprolactam has risen, and downstream PA6 polymerization has remained at a high level. The market demand for caprolactam is stable, and downstream factories are restocking according to demand. Confidence in the caprolactam market is relatively strong. The demand for cyclohexanone is temporarily positive.

 

In the future market forecast, raw materials tend to fluctuate strongly, cost pressure is high, downstream demand is average, and 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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