The cyclohexanone market remained at a high level in August

According to the Commodity Market Analysis System of the Business Society, the domestic cyclohexanone market remained at a high level in August. From August 1st to 28th, the average market price of cyclohexanone in China increased from 9271 yuan/ton to 9700 yuan/ton, an increase of 4.62%, and the price increased by 2.32% year-on-year.

 

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At the beginning of the month, the raw material pure benzene was listed multiple times and raised to 7600 yuan/ton, with good cost support. Downstream chemical fibers and solvents just need to follow up, and the supply of cyclohexanone products is average. Driven by cost, the market low price has decreased, and the transaction focus has increased. In mid month, the raw material pure benzene was repeatedly raised to 7750 yuan/ton, with good cost support. Downstream chemical fibers and solvents just need to follow up, and the supply of cyclohexanone products is average. Driven by costs, the market low price has decreased, and the transaction focus continues to rise. In the latter half of the month, the raw material pure benzene was operating at a high level, and there was still pressure on the cost side. The demand in the end market is average, and downstream enthusiasm for purchasing high-priced cyclohexanone is weak. The market supply and demand are weak, and the cyclohexanone market is stagnant and consolidating.

 

On the cost side, the domestic pure benzene market continued to rise in August. As of August 28th, the benchmark price of pure benzene at Shangshang Society was 7850.50 yuan/ton, an increase of 7.73% compared to the beginning of this month (7287.17 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 of cyclohexanone, and the short-term cost of cyclohexanone is influenced by positive factors.

 

On the supply side, according to the Commodity Market Analysis System of Business Society, the domestic production capacity of cyclohexanone is about 6.55 million tons, and the current operating load is around 60%, which is at a relatively low level. The main production enterprises have limited product supply. The short-term supply of cyclohexanone is influenced by positive factors.

 

On the demand side, the domestic caprolactam market rose first and then fell in August. As of August 28th, the benchmark price of Shangshe caprolactam was 12887.50 yuan/ton, an increase of 2.28% compared to the beginning of this month (12600.00 yuan/ton). Under cost pressure, the spot price of caprolactam increases with cost. The demand side is weak, and the price of caprolactam has turned downward, but it is still at a high level. The positive demand side of cyclohexanone has an impact.

 

In the future market forecast, from a cost perspective, the raw material prices are high and the cost pressure will not decrease. The supply and demand game of cyclohexanone commodity volume is predicted by cyclohexanone analysts from Business Society. In the short term, the domestic cyclohexanone market will mainly consolidate.

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