SunSirs: The Cyclohexanone Market Fluctuated Narrowly

https://www.chemnet.com   Apr 23,2023

　　According to the Commodity Market Analysis System of SunSirs, the domestic cyclohexanone market fluctuated in a narrow range. From April 17th to 21st, the average market price of cyclohexanone in China dropped from 9,510 RMB/ton to 9,500 RMB/ton, with a weekly decrease of 0.11%. The price remained stable month on month and decreased by 15.18% year-on-year.

　　Analysis review

　　In terms of cost, the price of domestic pure benzene market fluctuated and consolidated, and the spot transaction was 7,420-7,530 RMB/ton; Shandong market price was 7,240-7,420 RMB/ton. The cost of cyclohexanone was positive.

　　On the supply side, the operating rate of cyclohexanone industry units remained at around 60% this week, with a slight decrease in supply. The main production enterprise, Jining Zhongyin, was undergoing parking and maintenance; The coking plant in Shijiazhuang was shut down for maintenance. In the short term, the supply of cyclohexanone was slightly positive.

　　On the demand side, caprolactam was overhauled more recently, and the spot supply was relatively tight. However, as the price of cyclohexanone rose, there might be some resistance to the high price transaction. However, before the May Day holiday, overall downstream demand may be relatively good. The demand side of cyclohexanone was favorable and had a positive impact.

　　Market outlook

　　Pure benzene oscillates and operates with stable cost support. The circulation of cyclohexanone is relatively low, but the demand remains average for a short period of time. SunSirs cyclohexanone analysts predict that the domestic cyclohexanone market will be mainly volatile and consolidate in the short term.

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